Golden Predator Sells White Gold District Properties to Taku Gold Corp.
VANCOUVER, BC--(Marketwired - July 20, 2017) - Golden Predator Mining Corp. (TSX VENTURE: GPY) (OTCQX: NTGSF) (the "Company" or "Golden Predator") is pleased to announce that it has entered into a Mineral Purchase and Option Assignment Agreement (the "Agreement"), with Taku Gold Corp. (CSE: TAK) (CSE: TAK.CN) (CNSX: TAK) ("Taku") pursuant to which the Company has agreed sell to Taku its 100% interest in several non-core assets including the Chopin Project, the Korat Project and the Lucky Joe Project and its 100% interest in certain 40 Mile area of interest claims. The Company has also agreed to assign and transfer all of the Company's interest in an agreement pursuant to which the Company holds the right to acquire a 100% interest in the 40 Mile Project subject to a 2% net smelter return royalty. The properties are all located in the White Gold District in Canada's Yukon. Golden Predator is focused on the 3 Aces Project in Southeastern Yukon and the sale of the White Gold assets provides an opportunity to realize value from the non-core assets held by the Company.