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Great Panther Mining Limited completes US$23M bought deal offering of common shares

Date Closed

November 12, 2021

Lead Office



23.00 Million USD

On November 12, 2021, Great Panther Mining Limited ("Great Panther") closed its offering of 88,461,538 common shares, including the option for the underwriters to purchase an additional 11,538,461 Common Shares, at a public offering price of US$0.26 per share. The aggregate gross proceeds of the offering total US$23 million. Great Panther intends to use the proceeds for underground mine development and exploration programs at Tucano, to main its working capital, and for general corporate purposes. 

Great Panther is a gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil , Mexico and Peru that includes three operating gold and silver mines, an advanced development project and a large land package with district-scale potential. 

McCarthy Tétrault LLP advised Great Panther with a team led by Robin Mahood that included Simran Choongh, Thomas Fung and Geena Lee (Corporate) and Brett Anderson and Jeremy Ho (Tax).