09:43 AM EST, 02/19/2019 (MT Newswires) -- Great Panther Silver (GPL) said Tuesday that on Feb. 15, Beadell Resources received final approval from the Supreme Court of Western Australia on its acquisition of Beadell, which became effective Feb. 18.

Closing of the deal is expected to be in the first week of March, following completion of customary closing requirements.

Great Panther Silver announced the deal in September 2018, where it agreed to buy ASX-listed Beadell Resources in a transaction valued at A$144 million ($105 million). Under the deal, Beadell shareholders will receive 0.0619 common shares of Great Panther for each ordinary share of Beadell.

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