Marble, columns and stairs
May 27, 2015

On May 27, 2015, Great Panther Silver Limited (TSX: GPR) (NYSE MKT:GPL) (“Great Panther”) completed the acquisition of Cangold Limited (TSX-V: CLD) (“Cangold”) by way of a plan of arrangement pursuant to which Great Panther acquired all of the issued and outstanding common shares of Cangold. Cangold is now a wholly-owned subsidiary of Great Panther. Following the acquisition, Cangold shares were delisted from the TSX Venture Exchange and Great Panther has applied to the relevant securities commissions for Cangold to cease to be a reporting issuer under Canadian securities laws.

Great Panther retained McMillan on the transaction to assist on Canadian and US securities matters; court approvals; loan documents and to perform due diligence. The McMillan team, led by Tom Theodorakis and Cory Kent, included Arman Farahani, James Munro and Mark Neighbor (Capital Markets and M&A), Herb Ono and Daniel Dex (U.S. Securities), Katherine Reilly (Advocacy and Litigation), Damon Chisholm (Financial Services), Peter Botz (Tax), and Brittnee Russell, Sandra Knowler and Allie Ketcham (Business Law).

Great Panther Silver Limited is a primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE MKT trading under the symbol GPL. Great Panther’s current activities are focused on the mining of precious metals from its two wholly-owned mining operations in Mexico: the Guanajuato Mine Complex, which includes the San Ignacio satellite mine, and the Topia Mine in Durango. The company has signed a two-year option agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru and, through the acquisition of Cangold, now holds an option agreement on the advanced stage Guadalupe de los Reyes Project in Mexico.