September 9, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Silver Predator Corp. (TSX Venture: SPD) said it plans a non-brokered private placement of up to 4.8 million units of the company at $0.36 per unit to raise gross proceeds of up to $1.728 million.

Each unit is comprised of one common share of the company and one half of one share-purchase warrant. Each full share-purchase warrant will entitle the holder to acquire one common share of the company at an exercise price of $0.50 per share, for a term of one year from the date of issuance.

Silver Predator said it will use the proceeds from this private placement for general working capital purposes.

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

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