RE: Cheap paper is putting selling pressureNews said there is about 4 million I-series warrants that are due to expire November 30, 2007 at .90 which will bring in 7.2 million in cash. Another 8 million J-series warrants are due to expire December 20, 2007. All together there is 12 million warrants due to expire, and will put 10.8 million cash in the kitty.
VANCOUVER, BRITISH COLUMBIA - GREAT PANTHER RESOURCES LIMITED (TSX VENTURE:GPR) (the "Company") has closed the first tranche of its brokered private placement with Bolder Investment Partners, Ltd. announced on November 4, 2005. The Company issued 4,103,200 units at $0.62 per unit for gross proceeds of $2,543,984. Each unit comprises one common share and one non-transferable Series I share purchase warrant. Each Series I share purchase warrant entitles the holder to acquire, upon exercise, one further common share of the Company until November 30, 2007 at a price of $0.90.
GREAT PANTHER RESOURCES LIMITED (TSX-V: GPR; the "Company") is pleased to report that the Company has closed the second and final tranche of its 12,200,000 unit private placement announced on November 4, 2005, December 1, 2005, December 2, 2005 and December 13, 2005 led by Bolder Investment Partners, Ltd. The placement was over-subscribed. On closing of the second tranche, the Company issued 8,096,800 units at $0.62 per unit for gross proceeds of $5,020,016. Each unit comprises one common share and one non-transferable Series J share purchase warrant. Each Series J share purchase warrant entitles the holder to acquire, upon exercise, one further common share of the Company until December 20, 2007 at a price of $0.90.