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Till Capital Receives Note Receivable Payments

TIL

Till Capital Receives Note Receivable Payments



Hamilton, Bermuda (FSCwire) - Till Capital Ltd. (TSX.V: TIL) (the “Company” or “Till”) announces that Resource Re Ltd., a wholly-owned subsidiary of Till, has received the first payment on assets sold to Golden Predator Mining Corp. and Silver Predator Corp. under an Agreement as previously announced on December 17, 2013(1) (the “Agreement”)  

 

Under the terms of the Agreement, Golden Predator Mining Corp. will issue 3,948,571 shares as of April 17th, 2015 at a value of $0.35 per share for a total payment of CDN$1,382,000. Silver Predator Corp. will issue 29,028,000 shares as of April 17th, 2015 at a value of $0.05 per share for a total payment of CDN$1,451,400.

 

Till is an insider of Golden Predator Mining Corp. and Silver Predator Corp., as defined by the TSX Venture Exchange.  Till now holds directly 18,912,124 shares, or approximately 59.72% of Golden Predator Corp.’s issued and outstanding shares and 91,705,674 shares, or approximately 71.65% of Silver Predator Corp.’s issues and outstanding shares. The transaction is subject to receipt of final TSX Venture Exchange approval.

 

Till Capital Ltd.

Till Capital Ltd. is a Bermuda-domiciled company and its wholly-owned subsidiary, Resource Re Ltd., is a Bermuda-domiciled reinsurance company regulated by the Bermuda Monetary Authority with a Class 3A reinsurance license. Through its regulated subsidiaries, the Company has been structured to produce underwriting profits from reinsurance policies as well as above average returns on assets under management.

 

For more information:

Till Capital Ltd.

William M. Sheriff

Chairman and Chief Executive Officer

(208) 635 5415

info@tillcap.com www.tillcap.com

 

  1. Americas Bullion Royalty Corp. News Release December 17, 2013

 

Cautionary Note

 At this time, the Company has no current plans to provide earnings guidance due to the volatility of investment returns.

 

The Till shares are restricted voting shares, whereby no single shareholder of Till is able to exercise voting rights for more than 9.9% of the voting rights of the total issued and outstanding Till shares (the 9.9% Restriction”). However, if any one shareholder of Till beneficially owns, or exercises control or direction over, more than 50% of the issued and outstanding Till shares, the 9.9% Restriction will cease to apply to the Till shares.

 

This news release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Till  or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Trading in the securities of Till Capital should be considered speculative.

 

Neither the TSX Venture Exchange nor its Regulatory Service Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Bermuda Monetary Authority accepts responsibility for the adequacy or accuracy of this release.

 

Cautionary Statement Regarding Forward Looking Information

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “except”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events or conditions “may” occur. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. 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, Till Capital assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/tillcap04212015.pdf

Source: Till Capital Ltd. (TSX Venture:TIL) http://www.aubullion.com

 

Maximum News Dissemination by FSCwire. http://www.fscwire.com

 

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