Tuesday, February 12, 2019

Great Panther Silver (GPL)

Shareholders Approve Great Panther Acquisition of Beadell Resources.

Great Panther Silver
Ltd is a precious metals mining and exploration company. It owns two mines
Topia and Guanajuato Mine Complex (GMC). The Topia operations produce silver,
gold, lead, and zinc whereas the GMC operation produces silver and gold.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

RATING: OUTPERFORM

• Shareholders
  vote to approve.  Great Panther shareholders approved the company’s acquisition of Beadell Resources Limited (ASX: BDR) and a name change to Great Panther Mining Limited.  The transaction was also approved by BDR shareholders who will receive 0.0619 new GPL shares for each BDR share held on the anticipated February 25th record date.
• Transaction
  terms.  With the issuance of new shares at an exchange ratio of 0.0619, Great Panther will be issuing 103.6 million new shares bringing the total number of shares issued and outstanding to ~273.0 million.  Upon com…
  
  
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*Analyst
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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.