01:16 PM EST, 01/14/2019 (MT Newswires) -- GREAT PANTHER SILVER LIMITED (GPR.TO) reports that, further to its agreement to acquire Beadell Resources Limite and its December 6, 2019 press release announcing the Loan Agreement between the two companies for a non-revolving term loan in the principal amount of US$5 million, Beadell has received Ptax refunds totaling approximately US$10.3 million.

The company has agreed to accept partial repayment of US$3 million of the principal amount advanced, plus interest and fees accrued to date, and to extend the maturity date of the remaining US$2 million advanced to March 18, 2019 in order to provide Beadell with additional funds for general working capital and operating requirements.

GPR says the Acquisition will create a new growth-oriented intermediate precious metals producer focused on the Americas with strong geographic diversity across three leading mining jurisdictions, and a diverse asset portfolio including three producing mines, an advanced stage project, and significant exploration potential.

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