NYSE American: GPL
Great Panther has set the Special Meeting of Great Panther shareholders to take place on
As announced by Beadell on
Subject to the satisfaction of various conditions, including the requisite approvals of Great Panther's and Beadell's shareholders at their respective meetings, the Closing is expected to be completed shortly thereafter.
The Acquisition of Beadell will create a new emerging and growth-oriented precious metals producer focused on the
- Creation of new emerging intermediate precious metals producer focused on the
- Extensive reserve & resource base
- Strong balance sheet to support complementary assets
- Diversified portfolio
- Robust growth portfolio
- Attractive re-rating potential
ABOUT GREAT PANTHER
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, “forward-looking statements”). Such forward-looking statements may include, but are not limited to, statements regarding the timing and completion of the Acquisition, and the benefits of the Acquisition to shareholders of Great Panther.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Assumptions upon which forward looking statements relating to the Acquisition have been made include that Beadell and Great Panther will be able to satisfy the conditions of Closing, that due diligence investigations of each party will not identify any materially adverse facts or circumstances, that the required approvals will be obtained from the shareholders of Beadell and Great Panther, and that all required third party, regulatory and government approvals will be obtained. Such factors include, among others, risks and uncertainties relating to potential political and social risks involving Beadell and Great Panther's operations in a foreign jurisdiction, the potential for unexpected costs and expenses, fluctuations in metal prices, fluctuations in currency exchange rates, physical risks inherent in mining operations, operating or technical difficulties in mineral exploration, changes in project parameters as plans continue to be refined, and other risks and uncertainties, including those described in respect of Great Panther, in its annual information form for the year ended
There is no assurance that such forward looking statements will prove accurate; results may vary materially from such forward-looking statements; and there is no assurance that the Company will be able to identify and acquire additional projects or that any projects acquired will be successfully developed. Readers are cautioned not to place undue reliance on forward looking statements. The Company has no intention to update forward looking statements except as required by law.
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