Americas Bullion Completes Taylor Silver Project Sale; Increases Ownership of Silver Predator Corp.admin
Americas Bullion Completes Taylor Silver Project Sale; Increases Ownership of Silver Predator Corp.
Hayden , ID US, December 13, 2013 /FSC/ – Americas Bullion Royalty Corp. (AMB – TSX), (the “Company” or “AMB”) is pleased to announce that on December 11, 2013, Silver Predator Corp. (“SPD”) (TSX: SPD) completed the exercise of its option to purchase 100% of the Taylor silver project in eastern Nevada, USA from AMB. In connection with the exercise of the option, the Company received an additional 6,283,333 SPD common shares (the “Shares”) at a deemed price of $0.03 per share, representing the final payment required to exercise the option. For further information, please see the Company’s news releases of February 4, 2010, December 13, 2010 and March 12, 2013.
Silver Predator Private Placement
The Company also announces that on December 12, 2013, it participated in Silver Predator’s private placement by purchasing 5,419,869 shares at $0.05.
Silver Predator’s second tranche of 4,580,131 shares, also subscribed by AMB under the private placement, will be issued upon SPD obtaining disinterested shareholder approval. As a result of these recently closed transactions, AMB now owns directly and indirectly, 25,476,535 shares, or approximately 37.51% of Silver Predator’s issued and outstanding shares, prior to closing of the second tranche.
The Company may increase or decrease its security holdings in Silver Predator depending on market conditions and any other relevant factors.
Pursuant to the requirements of Canadian securities regulations, the Company advises that it may increase or decrease its security holdings in Silver Predator depending on market conditions and any other relevant factors. The Company has also filed an Early Warning Report with applicable Canadian provincial securities regulators in connection with the acquisition of securities of Silver Predator described above. A copy of the Early Warning Report may be obtained from the Company upon request, or under Silver Predator’s filings at www.sedar.com.
Springer Mine & Mill
The Company also announces that AMB has repaid an unsecured loan from an insider in the amount of US$2.5 million in connection with the transaction with EMC Metals Corp. (“EMC”) to acquire a 100% interest in EMC’s wholly-owned subsidiary, the Springer Mining Company (“Springer”), including all related mine, mill and tungsten resource assets, along with other Nevada mineral properties. For further information, please see the Company’s news release dated September 16, 2013.
Americas Bullion Royalty Corp.
Americas Bullion Royalty Corp. invests in undervalued natural resource assets seeking to provide superior investment returns. Americas Bullion’s assets include royalty holdings across Mexico, Nevada, Wyoming, Oregon and California; the Springer Tungsten Mine and Mill; the Taylor mill and Humboldt mill site in Nevada; the Brewery Creek project, and a portfolio of Yukon exploration properties. The Company provides shareholders with the potential for exploration success through equity positions in related companies while continuing to advance and monetize its holdings.
For additional information:
Americas Bullion Royalty Corp.
William M. Sheriff, Chairman & CEO
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Americas Bullion’s plans and objectives to differ materially from those expressed in the forward-looking information. 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, Americas Bullion assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.
To view the press release as a PDF file, please click on the following link:
Source: Americas Bullion Royalty Corp. (TSX: AMB) http://www.aubullion.com
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Posted: December 13th, 2013 under FSCWIRE.