February 23, 2017
Silver Predator Corp. Announces Director and Officer Changes
Toronto, Ontario, February 23, 2017: Silver Predator Corp. (TSX.V: SPD) (the “Company” or “Silver Predator”) is pleased to announce that Dr. John T. (“Terry”) Rickard has been appointed to the Company’s Board of Directors. With 44 years of experience in financial and advanced technology organizations, Dr. Rickard has been a Director of Till Capital, Ltd. (“Till”) since July, 2015, and has served as Chief Executive Officer (CEO) of Till since January, 2016. Till currently owns approximately 64% of the outstanding shares of Silver Predator.
Dr. Rickard has also been appointed as CEO of the Company, replacing Michael G. Maslowski, who tendered his resignation as Director and CEO of Silver Predator Corp. effective February 28, 2017, to pursue other opportunities in the mining industry. Mr. Maslowski will be retained as a consultant to the Company to assist in the transition and to provide geological expertise on an on-going basis.
Dr. Rickard has been granted options to purchase 500,000 common shares of Silver Predator Corp. subject to a two year vesting period, at an exercise price of CA$0.075 per share.
“The Board appreciates the years of service Mr. Maslowski has contributed to the Company and we wish him continued success in his future endeavors. I would like to welcome Dr. Rickard as our new CEO and Board member and we look forward to drawing on his business experience and background, while working with him as the Company prepares for an exciting year ahead.” said Nathan Tewalt, Chairman of the Silver Predator Board of Directors.
“I look forward to helping Silver Predator pursue some promising new exploration opportunities, as we continue to liquefy some of our legacy assets,” said Terry Rickard, the new CEO of Silver Predator.
Silver Predator Corp.
The Company holds the Taylor silver-gold project in Nevada. The Taylor project hosts a current measured and indicated silver resource estimate of 16.8 million ounces of silver at an average grade of 1.89 ounces per ton and an inferred resource of 3.9 million silver ounces at 2.30 ounces per ton (1) , is open to expansion, and is located in a district that has identified the potential for discovery of additional silver and gold deposits. The company also holds additional early stage exploration properties in Nevada and the Silver Valley of Idaho.
Mr. Michael Maslowski, CPG, a Qualified Person as defined by National Instrument 43-101 and a consultant for the Company, has reviewed, verified and approved disclosure of the technical information contained in this news release
For additional information:
Nathan A. Tewalt
John T. Rickard
Chief Executive Officer
1) National Instrument 43-101 Technical Report; NI 43-101 of the Taylor Silver Project, White Pine County, Nevada, USA by Thomas H. Chadwick, Dean D. Turner, and Patrick J. Hollenbeck dated March 18, 2013 filed on SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This press release contains forward-looking statements regarding future events, including the ability of the Company to successfully conclude the proposed sale of assets and to meet future payment obligations under the notes. There are numerous risks and uncertainties that could cause actual results and Silver Predators’ plans and objectives to differ materially from those expressed in the forward-looking statements. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Silver Predator assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.