Great Panther to Acquire Beadell in US$105-million Deal
Great Panther Silver (TSX:GPR, NYSE American:GPL) has acquired gold producer Beadell Resources (ASX:BDR) in a scheme implementation deed worth US$105 million, the companies announced in a joint statement on Sunday (September 23). Under the terms of the deal, Beadell shareholders will receive 0.0619 common shares of Great Panther for each ordinary share of Beadell, valued at approximately AU$0.086 a share. This will result in approximately 103.6 million Great Panther shares being issued. “This is a transformational transaction for the shareholders of Great Panther and Beadell. Great Panther has grown and optimized its operations in Mexico, acquired and advanced its Coricancha [...]