March 7, 2017
Silver Predator Corp. Corrects Disclosure Regarding New CEO Option Grant
Toronto, Ontario, March 7, 2017: Silver Predator Corp. (TSX.V: SPD) (the “Company” or “Silver Predator”) Further to the Company’s news release of February 23, 2017, the 500,000 options issued to Dr. Rickard are exercisable at a price of $0.06 per share commencing March 1, 2017, have a two year term, and are not subject to any vesting provisions. The February 23, 2017 release incorrectly stated that Dr. Rickard’s 500,000 options had been granted as at the date of the release, were subject to a two year vesting provision, and were exercisable at a price of $0.075.
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.