Sign up
Mining Capital

Beadell Resources shareholders approve Great Panther Silver acquisition

"We are very pleased to receive Beadell's shareholders' support on this important transaction," said Great Panther CEO James Bannantine
Boardroom
Great Panther voted to approve the deal on Monday

Great Panther Silver Ltd (TSE:GPR) (NYSEAMERICAN:GPL) announced that Beadell Resources shareholders in Perth had approved the scheme of arrangement, which will see Beadell being acquired by the former and that closing of the deal is expected in the first week of March.

"We are very pleased to receive Beadell's shareholders' support on this important transaction," said James Bannantine, Great Panther's president and CEO.

READ: Great Panther Silver shareholders approve Beadell Resources acquisition and name change

"This combination benefits both Beadell and Great Panther shareholders and provides investors with meaningful exposure to precious metals across a diversified portfolio of producing, advance stage and exploration assets in the Americas."

Yesterday, Great Panther shareholders approved the US$105 million acquisition of Beadell Resources, along with plans to change its name to Great Panther Mining Ltd.

Giles_55af4ddca6481.jpg


Register here to be notified of future Company articles
View full profile View Profile
View All

© mining Capital 2019

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.