Eric Sprott takes position in Golden Predator

TSX-V-listed Golden Predator Mining has announced a private placement in the company by Eric Sprott for gross proceeds of $7.3-million, through the issuance of ten-million non-flow through units at C$0.73 each. The company also received further financing of up to 6.5-million flow-through units at a minimum price of C$1 per flow-through unit, for gross proceeds of up to C$6.5-million. Each unit comprised one common share of the company and one-half share purchase warrant.