VANCOUVER, April 21, 2016 /CNW/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”; the “Company”) announces that it has entered into an At-the-Market Offering Agreement dated April 20, 2016 (the “ATM Agreement”) with Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC (“Rodman”). Under the ATM Agreement, the Company will be entitled, at its discretion and from time-to-time during the term of the ATM Agreement, to sell, through Rodman, as placement agent, such number of common shares of the Company (the “Common Shares”) having an aggregate gross sales price of up to US$10.0 million (the “Offering”). Sales of the Common Shares will be made through “at the market distributions”, as defined in National Instrument 44-102, directly on the NYSE MKT LLC (the “NYSE MKT “) or on any other existing trading market in the United States. No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange (the “TSX”) or other trading markets in Canada. The Common Shares will be distributed at market prices or prices related to prevailing market prices from time to time. As a result, prices of the Common Shares sold under the Offering will vary as between purchasers and during the period of distribution.