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Golden Predator ups financing to C$16.7M

GoldenPredator Mining Corp. said July 6 that it has increased itspreviously announced private placement of company units, now looking to raiseup to C$16.7 million instead of the C$13.8million originally sought, due to investor demand.

The company will now offer 10,547,945 non-flow-through unitsat 73 cents each and 9 million flow-through units at C$1.00 apiece.

Each unit consists of 1 common share and 0.5 of a sharepurchase warrant, with a whole warrant exercisable for 1 common share at C$1.00for a two-year period from closing, subject to an acceleration clause.

The proceeds are earmarked for the company's and projects inCanada's Yukon Territory, and for general working capital.