Mein Kommentar an das GPL Management auf das nun auch noch erweiterte PP (und für die Katastrophenkonditionen zahlen die Idioten noch 6 % an Cantor Fitzg. - Schweinebande... wäre gut wenn die mehr derartige Mails bekommen - ich finde das angemessen!
Shame on the management of GPL! What poor and dilutive conditions for old shareholders
May that management drive to hell – what ugly conditions for old shareholders. I have not one Idea what to say in positive sense to that management! I hope evereybody there will be replaced soon!!!
Frustrated and very angry regards
xxx
Canada NewsWire
VANCOUVER, May 14, 2020
NYSE American: GPL | TSX: GPR
(All dollar amounts expressed in US dollars unless otherwise noted)
VANCOUVER, May 14, 2020 /CNW/ - Great Panther Mining Limited (TSX:GPR; NYSE-A:GPL) ("Great Panther" or "the Company") announces that it has agreed with Cantor Fitzgerald Canada Corporation ("CFCC") and BMO Nesbitt Burns Inc. ("BMO"), as co-lead underwriters and joint book-runners (the "Co-Lead Underwriters"), on behalf of themselves and a syndicate of underwriters, including H.C. Wainwright & Co., LLC as lead manager, and Roth Capital Partners, LLC as manager (collectively with CFCC and BMO, the "Underwriters") to increase the size of its previously announced bought deal offering to US$14 million. Under the revised deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 35,000,000 common shares of the Company (the "Offered Shares") at the price of US$0.40 per Offered Share (the "Issue Price") for aggregate gross proceeds of US$14 million (the "Offering").
In addition, Great Panther has agreed to grant to the Underwriters an over-allotment option (the "Over-Allotment Option") exercisable, in whole or in part, at the sole discretion of the Underwriters to purchase up to an additional 5,250,000 Offered Shares at the Issue Price for a period of up to 30 days after the closing of the Offering, for potential additional gross proceeds to Great Panther of up to US$2.1 million.
Great Panther intends to use the net proceeds of the Offering for near mine and regional exploration programs at the Tucano Gold Mine and (improvement of the Company's working capital balances and general corporate purposes.
Great Panther will pay to the Underwriters a cash commission equal to 6.0% of the gross proceeds of the Offering, including any proceeds received from the exercise of the Over-Allotment Option.
