VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2007) - GREAT PANTHER RESOURCES LIMITED (TSX:GPR) ("Great Panther" or the "Company") announces that the British Columbia Securities Commission has granted the Company's request for a management cease trade order. The management cease trade order has been issued in connection with the delay in the Company's filing of its December 31, 2006 audited financial statements, management's discussion and analysis and annual information form for the year ended December 31, 2006 (the "Required Records") within the 90-day time limit prescribed by National Instrument 51-102 Continuous Disclosure. The reasons for the delay are set out in the Company's News Release of April 2, 2007 and in the Notice of Default disseminated and filed pursuant to CSA Staff Notice 57-301.
The management cease trade order affects only trading of securities by the directors, officers and certain other insiders of the Company. Trading by the general public is not affected.
Management anticipates the Required Records will be filed on or before April 30, 2007.
ON BEHALF OF THE BOARD
Kaare G. Foy, Executive Chairman and Chief Financial Officer
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 the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include but are not limited to the Company's plans for production at its Guanajuato and Topia Mines in Mexico, exploring its other properties in Mexico, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which 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 risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Annual Report on Form 20-F for the year ended December 31, 2005 and reports on Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
SEC 20-F Statement Filed
Standard & Poor's Listed
FOR FURTHER INFORMATION PLEASE CONTACT:
Great Panther Resources Limited
Executive Chairman and Chief Financial Officer
(604) 608-1744 (FAX)