Great Panther Mining Ltd GPLDF

PP at 50% discount?

[cyanide5]

Is the news release right? 20 million shares at 0.75 for 15 million dollars?

VANCOUVER, Aug. 1, 2019 /CNW/ - GREAT PANTHER MINING LIMITED (NYSE American: GPL; TSX: GPR) ("Great Panther", the "Company") announces that the Company has entered into an agreement dated August 1, 2019 with Cantor Fitzgerald Canada Corporation ("CFCC"), as lead underwriter and sole book-running manager, on behalf of itself and a syndicate of underwriters including H.C. Wainwright & Co., LLC as lead manager, and Scotiabank and Eight Capital, acting as co-managers (collectively with CFCC, the "Underwriters"), to purchase, on a bought deal basis, 20,000,000 common shares of the Company (the "Offered Shares") at the price of US$0.75 per Offered Share (the "Issue Price") for aggregate gross proceeds of approximately US$15.0 million(the "Offering").