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Great Panther Silver raises US$29.9M via bought deal offering

Great PantherSilver Ltd. said July 12 that it has raised US$29.9 million byselling 18,687,500 units at US$1.60 apiece in its previously announcedpublic offering,which only aimed to raise US$26 million.

Proceeds from the offering, together with the company'scurrent cash holdings, will be used to fund operating, development andexploration expenditures at its mining operations and projects, for possiblefuture acquisitions, and for general corporate and working capital purposes.