HAYDEN, ID, March 12, 2013 /CNW/ -
Americas Bullion Royalty Corp. (TSX: AMB) (the "Company") is pleased to announce the Company has received an additional 6,240,000 common shares of
Silver Predator Corp. (TSX: SPD) under Silver Predator's option agreement to acquire a 100% interest in the Taylor Project. The Company now owns approximately 25.5% of the issued and outstanding shares of Silver Predator, and may receive a minimum of 5,000,000 additional common shares (subject to upwards adjustment, to a maximum of 6,283,333 shares) as Silver Predator completes its earn-in of the Taylor Project. Americas Bullion retains a 2% Net Smelter Revenue royalty (NSR) on all precious metals, on the Taylor Project, and a 1% NSR on all other metals, except for metals extracted from claims subject to pre-existing royalties on which the Company will receive a 1% NSR on precious metals and a 0.5% NSR on all other metals.
Taylor Project Overview
The Taylor project is a past-producing open pit silver mine that operated from 1981 to 1984 before closing due to low silver prices. The Taylor project, with pre-stripped open pit mineralization, and a NI 43-101-compliant resource open to expansion, has the potential to be a near-term producing asset. Recent exploration by Silver Predator has confirmed Taylor is a newly recognized Carlin-type precious metal system with a large untested gold anomaly (SPD News Release January 21, 2013).
Americas Bullion Royalty Corp.
Americas Bullion Royalty Corp. is a precious metals royalty and streaming company designed to provide revenue as well as lower risk exposure to shareholders through project diversity in stable, mining-friendly jurisdictions. The Company's existing 34 property portfolio, comprising more than 100,000 acres predominantly in Nevada, is highlighted by Gross in-kind Royalties on Midway Gold's Pan and Gold Rock deposits, as well as 2 separate projects encompassing more than 34 square miles at Barrick Gold's Bald Mountain project in Nevada.
Current royalty revenue is expected to accelerate as early as 2014 as several of these projects commence production. Americas Bullion Royalty Corp.'s prime royalty portfolio is unique in the mineral development industry due to its ability to receive the majority of projected revenues in-kind (gold bullion as opposed to cash), its possession of gross royalties with no exposure to operator cost, as well as its security of title with no buyback or buyout provisions.
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.
Americas Bullion Royalty Corp.
Janet Lee-Sheriff, Vice President or
Scott Powell, Director of Investor Relations
(208) 635-5415
info@aubullion.com
www.aubullion.com
