VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 14, 2006) - GREAT PANTHER RESOURCES LIMITED (TSX VENTURE:GPR)("the Company") has closed the private placement of the $2.02 million Convertible Loan Note announced on February 23, 2006. The Note is unsecured, bears interest at 8% per annum payable quarterly, and matures on March 9, 2010. Prior to maturity, the principal amount of the Note, or any portion thereof, is convertible into common shares of the Company at a conversion price of $1.32 per share.
The Note and any common shares issued on conversion are subject to hold periods expiring July 9, 2006.
ON BEHALF OF THE BOARD
Kaare G. Foy, Executive Chairman & CFO
SEC 20-F Statement Filed; Standard & Poor's Listed
FOR FURTHER INFORMATION PLEASE CONTACT:
Great Panther Resources Limited
(604) 685-9744 (FAX)