Great Panther Resources Limited

Great Panther Resources Limited

May 16, 2008 20:19 ET

Great Panther Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2008) - GREAT PANTHER RESOURCES LIMITED (TSX:GPR) has granted incentive stock options to employees, advisory board members and consultants to purchase an aggregate of up to 1,785,000 shares. Directors and officers did not participate in these grants.

The options, which were granted under the Company's Amended and Restated Incentive Share Option Plan (2007), are exercisable at $1.42 per share for a period of five years in the case of staff and advisory board members, and two years in the case of the consultants' options.


Kaare G. Foy, Executive Chairman

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include but are not limited to the Company's plans for production at its Guanajuato and Topia Mines in Mexico, exploring its other properties in Mexico, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parametres as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Annual Report on Form 20-F for the year ended December 31, 2007 and reports on Form 6-K filed with the Securities and Exchange Commission and available at and Material Change Reports filed with the Canadian Securities Administrators and available at

SEC 20-F Statement Filed; Standard & Poor's Listed

Contact Information

  • Great Panther Resources Limited
    Brad Aelicks
    (604) 685-6465
    Great Panther Resources Limited
    Don Mosher
    (604) 685-6465
    (604) 899-4303 (FAX)