Mr. Corwin Coe Appointed Chief Executive Officer & President
CNSX: SPD
VANCOUVER, Nov. 19 /CNW/ - Silver Predator Corp. (CNSX:SPD) (the "Company") is pleased to announce the appointment of Mr. Corwin Coe as Chief Executive Officer and President.
Mr. Corwin Coe, A.Sc.T, B.Sc., P.Geo.
Mr. Coe has over 30 years experience in the minerals industry including 18 years of senior officer experience with public mining companies and more than 25 years experience in gold and silver mineral exploration, development and production in North America. Mr. Coe has served as Vice President of Exploration for Golden Predator Corp. since March 2010 and engineered a successful and aggressive 7 project, $7 million drilling campaign during 2010. Previously he served as Vice President of Exploration for Northern Freegold Resources Ltd. where he was responsible for more than $20 million of exploration expenditures incurred defining intrusion related and epithermal gold deposits, as well as a newly discovered copper gold porphyry, all within the prolific Tintina Gold Belt. Mr. Coe spent much of his career working for a variety of companies in the Yukon, and has also held various senior and management level positions in development and production of both open pit and underground mining in the southwest US.
Mr. Coe is a Professional Geologist and Mining Engineering Technologist. He graduated from Simon Fraser University with a Bachelor of Science degree in Earth Sciences and the British Columbia Institute of Technology with a Diploma in Mining Engineering Technology. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia and the Association of Applied Science Technologists and Technicians of British Columbia. He is also a member of the Society of Economic Geologists and the Geological Association of Canada.
The appointment had been made in conjunction with the resignation of Mr. Louis A. Lepry as an officer of the Company. Mr. Lepry will now focus on corporate development activities for the organization. Silver Predator Corp. thanks Mr. Lepry for his contributions to the early development stage and is grateful for his on-going board involvement.
Options Grant
The Company also announces that it has granted incentive stock options for the purchase of 1,510,000 common shares of the Company at a price of $0.78 per share to its directors, officers, employees and consultants, pursuant to the Company's 2010 Stock Option Plan. Grants under the 2010 Stock Option Plan are subject to completion of the Proposed Transaction as described in the Company's press release of August 3, 2010. The options expire five years from the date of grant and are subject to vesting as to 25% every six months.
About Silver Predator Corp.
Silver Predator Corp.'s corporate mandate is to explore and develop commercially viable silver resources in the leading silver districts of Yukon, Canada and Nevada, USA. Working within stable geopolitical jurisdictions, Silver Predator will focus on silver-dominant bulk tonnage opportunities. Proven management plus access to unparalleled geological talent in the Yukon and extensive experience in Nevada provide the ability to maximize shareholder value from the Company's quality asset base. Silver Predator has agreed to acquire 100% interests in 15 exploration and development properties, and acquire options to earn 100% interests in five properties in Nevada and the Yukon (subject to certain underlying royalties) from Golden Predator Corp., Rockhaven Resources Ltd. and Strategic Metals Ltd. This transaction is anticipated to close in 2010.
The CNSX has in no way passed on the merits of these proposed transactions and has neither approved nor disapproved the contents of this news release.
Cautionary Statements
There can be no assurance that the proposed transactions will be completed as proposed, or on a specific date, or at all. There can be no assurances that the market price of the common shares of the Company will increase as a result of the proposed transactions. The marketability and trading liquidity of the common shares of the Company may not improve as a result of the proposed transactions.
Forward-Looking Statements
This news release contains certain forward-looking information and statements with the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "confident", "might", "proposed" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the proposed transactions.
The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated and described in the forward-looking statements. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements. These include, but are not limited to, risks associated with fluctuations in the market price of the Company's common shares, commodity price and exchange rate fluctuations and uncertainties and risks relating to the outcome of the Proposed Transaction on the market price, marketability and liquidity of the Company's common shares. The forgoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Company assumes no obligation to update publicly or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For further information:
William M. Sheriff, Chairman (604) 648-4653
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