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News Release - Friday, July 13, 2007
Great Panther Closes $4.05 Million Convertible Loan Notes
Placement
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GREAT PANTHER RESOURCES LIMITED (TSX: GPR; "the Company") has closed
the private placement of $4.05 million Convertible Loan Notes announced
on July 4, 2007. The Notes are unsecured, bear interest at 8% per
annum, payable quarterly, and mature on July 14, 2011. Prior to or on
maturity the principal amount of the Notes or any portion thereof is
convertible into common shares of the Company at the conversion price
of $2.25 per share.
The Notes and any common shares issued on conversion are subject to
hold periods expiring November 14, 2007.
For further information please visit the website at
www.greatpanther.com or contact Brad Aelicks at
telephone 604 685 6465,
fax 604 685 9744 or e-mail info@greatpanther.com.
ON BEHALF OF THE BOARD
"Kaare G. Foy"
Kaare G. Foy
Executive Chairman
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, 2006 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.
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Copyright (c) 2007 GREAT PANTHER RESOURCES LIMITED (GPR) All
rights
reserved. For more information visit our website at
http://www.greatpanther.com/ or send mailto:info@greatpanther.com
Message sent on Fri Jul 13, 2007 at 8:59:41 AM Pacific Time
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