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Stock Market & Financial Investment News

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November 14, 2012
05:08 EDTGPLGreat Panther Silver postpones release of Q3 financial results for 24 hours
Great Panther Silver announces that it will postpone, for 24 hours, the release and filing of its condensed consolidated interim financial statements and Management Discussion and Analysis for the three and nine month periods ended Sept. 30, 2012. Additional time is required to process, review and approve the financial results for the periods; however, this postponement is still within the regulatory timeframe of timely disclosure for financial information. The company anticipates releasing its Q3 2012 Financial Results after market close on Nov. 14 followed by a conference call on Nov. 15.
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May 26, 2015
16:52 EDTGPLCangold obtained court approval for arrangement with Great Panther Silver
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May 19, 2015
08:35 EDTGPLGreat Panther Silver signs two-year option agreement with Nyrstar
Great Panthe has signed a two-year option agreement with Nyrstar whereby the Company can acquire a 100% interest in the Coricancha Mine Complex, approximately 90 kilometres east of the city of Lima. The Coricancha Mine has been on care and maintenance since August 2013 and has fully permitted and operational 600 tonne per day flotation and BIOX bio-leach plants along with supporting mining infrastructure. Under the terms of the option agreement, Great Panther made an initial cash payment of $1.5M on signing. A second option payment of $1.5M is due on the first anniversary of signing to extend the option for a second year. Should Great Panther exercise the option on or before the second anniversary, an already negotiated Share Purchase Agreement would take effect whereupon Great Panther would make a cash payment of $5M for 100% of the shares of Nyrstar Coricancha. Nyrstar Coricancha holds all the assets of the Coricancha Mine Complex. There is a further contingent payment of $4M payable to Nyrstar under certain conditions. In addition to the cash payments, the option agreement calls for exploration expenditures of $2M in the first year of the option and $3M in the second year.

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