Great Panther Silver Provides Update on Term Loan To Beadell Resources

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VANCOUVERJan. 14, 2019 /CNW/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE American: GPL) (“Great Panther”; the “Company”) announces that further to its agreement to acquire Beadell Resources Limited (“Beadell”) (the “Acquisition”) and its press release dated December 6, 2018 announcing the Loan Agreement (the “Loan”) between Great Panther and Beadell for a non-revolving term loan in the principal amount of US$5,000,000, Beadell has received PIS (Programas de Integração Social e de Formação do Patrimônio do Servidor Público) and COFINS (Contribuição para o Financiamento da Seguridade Social) tax refunds totaling approximately US$10,300,000. The terms of the Loan provide for prepayment of the Loan from any PIS or COFINS tax refunds.

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