Great Panther Silver (TSX:GPR) has announced that due to increased demand, it has entered into an amended and restated underwriting agreement dated July 6, 2016. As quoted in the press release: As previously announced, each Unit consists of one common share in the capital of Great Panther (a “Share”) and one-half of one common share …
Great Panther Silver (TSX:GPR) has announced that due to increased demand, it has entered into an amended and restated underwriting agreement dated July 6, 2016.
As quoted in the press release:
As previously announced, each Unit consists of one common share in the capital of Great Panther (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Share at the exercise price of US$2.25 per Share for a period of 18 months after the closing of the Offering.
Under the Amended and Restated Underwriting Agreement, the Company has granted to the Underwriters an over-allotment option (the “Over-Allotment Option”) exercisable, in whole or in part, in the sole discretion of the Underwriters to purchase up to an additional 2,437,500 Units at the Issue Price per Unit, for a period of up to 30 days after the closing of the Offering for additional aggregate proceeds to the Company of up to US$3.9 million. In the event the Over-Allotment Option is exercised in full, the aggregate gross proceeds to the Company will be US$29.9 million.
The Offering will be made by way of a prospectus supplement dated July 6, 2016 (the “Prospectus Supplement”) to the Company’s existing Canadian short form base shelf prospectus (the “Base Shelf Prospectus”), dated October 14, 2014, and U.S. registration statement on Form F-10 (the “Registration Statement”) (File No. 333-199119), effective as of October 20, 2014. The Prospectus Supplement has been filed with the securities commissions in each of the provinces of Canada (other than Québec) and the United States Securities and Exchange Commission (the “SEC”). The Canadian Prospectus Supplement (together with the related Base Shelf Prospectus) is available on the SEDAR website maintained by the Canadian Securities Administrators atwww.sedar.com. The U.S. Prospectus Supplement (together with the related Registration Statement) is available on the SEC’s website at www.sec.gov. Before you invest, you should read the prospectus in the Registration Statement and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. Alternatively, the Company, any underwriter or any dealer participating in the Offering will arrange to send you the prospectus, as supplemented, if you request it by contacting Cantor Fitzgerald Canada Corporation, attention: Equity Capital Markets, 181 University Avenue, Suite 1500, Toronto, ON, M5H 3M7, email: firstname.lastname@example.org, or H.C. Wainwright & Co., LLC, 430 Park Avenue, New York, NY 10022, email: email@example.com.