TSX: GPR | NYSE American: GPL
VANCOUVER, April 3, 2019 /CNW/ - GREAT PANTHER MINING
LIMITED (TSX: GPR; NYSE American: GPL) ("Great Panther", the
"Company") reports, further to its news release dated March 5, 2019, that all holders of the
outstanding senior secured debentures maturing on June 30, 2023 issued by Beadell Resources (the
"Debentures") have accepted the Company's repurchase offer made
under the terms of the indenture governing the Debentures. The
repurchase was completed today for an aggregate price of
US$10,500,000, plus accrued
interest.
ABOUT GREAT PANTHER
Great Panther Mining Limited is a growth-oriented intermediate
precious metals mining and exploration company listed on the
Toronto Stock Exchange trading under the symbol GPR, and on the
NYSE American under the symbol GPL. Great Panther operates three
mines including the Tucano Gold Mine in Amapá State, Brazil, and two primary silver mines in
Mexico: the Guanajuato Mine
Complex and the Topia Mine. Great Panther is also evaluating
the restart of the Coricancha project in Peru and expects to make a decision on whether
or not to restart the project in early 2019.
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 or positive
outcome of a production decision for the Coricancha project.
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. Such
factors include, among others, risks and uncertainties relating to
potential political and social risks involving 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 December 31,
2018 and material change reports filed with the Canadian
Securities Administrators available at www.sedar.com and reports on
Form 40-F and Form 6-K filed with the Securities and Exchange
Commission and available at www.sec.gov.
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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SOURCE Great Panther Mining Limited