New York, New York 2/5/2010 2:00:00 AM
News / Business

Golden Predator, Rockhaven Resources and Strategic Metals Put Assets Into New Exploration and Development Venture, Silver Predator Mines Inc.

Golden Predator Royalty & Development Corp. (TSX:GPD), Strategic Metals Ltd. (TSX-V: SMD), Rockhaven Resources Ltd. (TSX-V: RK) and Platoro West Holdings Inc. (CNSX: PWH) have executed a letter of intent (LOI) pursuant in which Golden Predator, Strategic and Rockhaven will contribute a portfolio of silver assets into Platoro, in which the name will be changed to Silver Predator Mines Inc. The companies have appointed Louis A. Lepry, Jr. as Silver Predator's President and CEO.

 

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The management of the companies have identified that their silver assets as undervalued by the market, and are forming Silver Predator to realize on the value of these assets by creating a premier silver exploration and development company. Its principal projects will be located in Nevada and the Yukon.

 

Silver Predator's corporate mandate is to explore and develop commercially viable silver resources in the leading silver districts of Nevada, USA and the Yukon, Canada.

 

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