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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

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.

Quick facts: Great Panther Mining Limited

Price: 1.2 CAD

Market: TSX
Market Cap: $423.7 m

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