NYSE MKT: GPL
VANCOUVER, April 13, 2015 /CNW/ – GREAT PANTHER SILVER LIMITED (TSX: GPR) (NYSE MKT: GPL) (“Great Panther“) and Cangold Limited (TSX-V: CLD) (“Cangold“) are pleased to announce that further to the binding letter agreement announced on February 26, 2015, they have entered into a definitive arrangement agreement (the “Arrangement Agreement“) pursuant to which Great Panther will, subject to the terms and conditions of the Arrangement Agreement, acquire all of the issued and outstanding common shares of Cangold by way of a court-approved plan of arrangement (the “Arrangement“).
The transaction will result in Great Panther adding more than 6,000 hectares of the advanced stage Guadalupe de los Reyes Gold-Silver Project to its existing portfolio of projects and two primary silver producing mines in Mexico atGuanajuato and Topia. The transaction also adds Cangold’s Plomo Gold Project in Mexico, and its past-producing Argosy Gold Mine in the Red Lake Mining Division of northeastern Ontario, Canada. Continue reading