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Great Panther Silver Limited (GPR)
Market: CDN Consolidated
$ 0.95
Oct 23, 2014, 2:20 AM EDT
Change: -0.07 (-6.86%)
Volume: 92,393
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 1, 2005) - GREAT PANTHER RESOURCES LIMITED (TSX VENTURE:GPR) (the "Company") has closed the first tranche of its brokered private placement with Bolder Investment Partners, Ltd. announced on November 4, 2005. The Company issued 4,103,200 units at $0.62 per unit for gross proceeds of $2,543,984. Each unit comprises one common share and one non-transferable Series I share purchase warrant. Each Series I share purchase warrant entitles the holder to acquire, upon exercise, one further common share of the Company until November 30, 2007 at a price of $0.90.

The Company paid cash commissions totaling $178,078.88 and issued 410,320 non-transferable Agent's Warrants. Each Agent's Warrant entitles the holder to acquire, upon exercise, one common share of the Company until November 30, 2007 at a price of $0.90.

All securities issued and issuable under the first tranche of this private placement are subject to hold periods expiring on March 31, 2006.

ON BEHALF OF THE BOARD

Kaare G. Foy, Chairman and CFO

SEC 20-F Statement Filed

Standard & Poor's Listed


FOR FURTHER INFORMATION PLEASE CONTACT:

Great Panther Resources Limited
Brad Aelicks

(604) 685-6465





Great Panther Resources Limited
Don Mosher

(604) 685-6465
(604) 685-9744 (FAX)
info@greatpanther.com
www.greatpanther.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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