News: BDR Beadell Resources Says Great Panther To Buy All Shares Of Co Via Scheme Implementation...

Sept 24 (Reuters) - Beadell Resources Ltd (BDR) :

• ENTERED INTO A SCHEME IMPLEMENTATION DEED PURSUANT TO WHICH GREAT PANTHER WILL ACQUIRE ALL OF ISSUED ORDINARY SHARES OF BEADELL
• DIRECTORS OF BEADELL UNANIMOUSLY RECOMMEND SHAREHOLDERS VOTE IN FAVOUR OF SCHEME IN ABSENCE OF SUPERIOR PROPOSAL
• UNDER TERMS, BEADELL WILL GET 0.0619 COMMON SHARES OF GREAT PANTHER FOR EACH ORDINARY SHARE OF BEADELL
• BEADELL'S SENIOR SECURED LENDERS IN BRAZIL HAVE CONFIRMED THAT THEY WILL CONSENT TO TRANSACTION
• IMPLIED EQUITY VALUE FOR BEADELL BASED ON CONSIDERATION IS APPROXIMATELY A$144 MILLION
• UPON COMPLETION, EXISTING BEADELL AND GREAT PANTHER SHAREHOLDERS EXPECTED TO OWN ABOUT 38% AND 62%, RESPECTIVELY, OF COMBINED CO
• JIM ZADRA, CURRENT CFO OF GREAT PANTHER, TO CONTINUE TO AS CFO OF COMBINED CO
• JAMES BANNANTINE, CURRENT PRESIDENT AND CEO OF GREAT PANTHER, WILL CONTINUE AS PRESIDENT AND CEO OF COMBINED COMPANY

Source text (http//reut.rs/2pzev0N)

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