Great Panther Mining Announces Letter of Intent to Sell the Coricancha Mine in Peru This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 15, 2021 , to its short form base shelf prospectus dated September 10, 2021 .
Great Panther Mining Limited (TSX: GPR) (NYSE-A:GPL) ("Great Panther" or the "Company") announces that it has signed a non-binding Letter of Intent (the "LOI") with Newrange Gold Corp. ("Newrange") to sell 100% of the Company's Peruvian subsidiaries, Great Panther Silver Peru S.A.C. and Great Panther Coricancha S.A.C., which hold the Coricancha Mine in Peru , for a total purchase price of US$750,000 (the "Transaction") payable in cash.
Coricancha, located in the central Andes of Peru approximately 90 kilometres east of Lima , is a past producing mine with an extensive land package in the prolific Central Polymetallic Belt in Peru . The project is currently in care and maintenance and includes an operational 600 tonne per day mill, an underground mine and supporting infrastructure.
Completion of the Transaction is subject to certain conditions including, but not limited to, the completion of definitive documentation, completion of financing by Newrange and receipt by the Company and Newrange of all necessary third-party consents and approvals, including the approval of the Company's proposal trustee, the court in the Company's proposal proceedings and, in the case of Newrange, the approval of the TSX Venture Exchange.
ABOUT GREAT PANTHER Great Panther Mining is a precious metals producer focused on the operation of the Tucano Gold Mine in Brazil where the Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt. Great Panther is listed on the Toronto Stock Exchange under the symbol GPR and on the NYSE American under the symbol GPL.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION This news release contains forward-looking statements within the meaning of the United States Private Securities
Great Panther Mining Announces Letter of Intent to Sell the Coricancha Mine in Peru This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 15, 2021 , to its short form base shelf prospectus dated September 10, 2021 .
Great Panther Mining Limited (TSX: GPR) (NYSE-A:GPL) ("Great Panther" or the "Company") announces that it has signed a non-binding Letter of Intent (the "LOI") with Newrange Gold Corp. ("Newrange") to sell 100% of the Company's Peruvian subsidiaries, Great Panther Silver Peru S.A.C. and Great Panther Coricancha S.A.C., which hold the Coricancha Mine in Peru , for a total purchase price of US$750,000 (the "Transaction") payable in cash.
Coricancha, located in the central Andes of Peru approximately 90 kilometres east of Lima , is a past producing mine with an extensive land package in the prolific Central Polymetallic Belt in Peru . The project is currently in care and maintenance and includes an operational 600 tonne per day mill, an underground mine and supporting infrastructure.
Completion of the Transaction is subject to certain conditions including, but not limited to, the completion of definitive documentation, completion of financing by Newrange and receipt by the Company and Newrange of all necessary third-party consents and approvals, including the approval of the Company's proposal trustee, the court in the Company's proposal proceedings and, in the case of Newrange, the approval of the TSX Venture Exchange.
ABOUT GREAT PANTHER Great Panther Mining is a precious metals producer focused on the operation of the Tucano Gold Mine in Brazil where the Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt. Great Panther is listed on the Toronto Stock Exchange under the symbol GPR and on the NYSE American under the symbol GPL.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION This news release contains forward-looking statements within the meaning of the United States Private Securities
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