Merger of Beadell Resources and Great Panther Silver

Merger of Beadell Resources and Great Panther Silver

(in English only)

On 24 September 2018, Beadell Resources Limited and Great Panther Silver entered into a Scheme Implementation Deed under which Great Panther will acquire all the Beadell Shares by way of a scheme of arrangement.
If the Scheme is implemented, Beadell Shareholders (other than Ineligible Foreign Shareholders and electing Small Shareholders) will receive 0.0619 New Great Panther Shares (which will trade on the TSX and the NYSE (American)) for each Beadell Share held at the Scheme Record Date.

Scheme Book and Independent Experts Report

Benefits of the Arrangement include:

  • Exposure to substantial value creation from successful execution of the Tucano turnaround that will be enhanced by Great Panther’s strong balance sheet and management’s experience with similar assets in Brazil; most notably Great Panther’s CEO James Bannantine’s experience operating mine in Brazil and his fluency in Portuguese
  • Increased production profile and market capitalisation to enhance capital markets profile and trading liquidity of the Merged Group
  • Diversified Merged Group’s asset base with operations in Brazil, Mexico and Peru
  • Enhanced organic growth with Beadell’s multiple in mine lease discoveries and 2,500 km2 highly prospective exploration land package
  • Ongoing participation in Merged Group with strong re-rating potential

Scheme Meeting

The Scheme Meeting is currently scheduled to be held at 10:00am (AWST) on 12 February 2019 at the Celtic Club, 48 Ord Street, West Perth WA 6005.

All Beadell shareholders are encouraged to vote either by attending the Scheme Meeting in person, or by lodging a proxy form by 10:00am (AWST) on 10 February 2019. Details of how to lodge a proxy form are included on the proxy form and in the Scheme Booklet.

Scheme Booklet including Notice of Scheme Meeting (Annexure C)

Related ASX Announcements

Shareholder Questions

Beadell’s Investor Relations Team

Telephone: +61 8 9429 0808

Email: info@beadellresources.com.au

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