Great Panther Silver Limited
Fastest growing primary silver producer in Mexico.
Message: Announces New Board Appointment; Grants Incentive Stock Options
| February 9, 2009 |
| Great Panther Announces New Board Appointment; Grants Incentive Stock Options |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 9, 2009) - GREAT PANTHER RESOURCES LIMITED (TSX:GPR) (the "Company") is pleased to announce the appointment of Martin Carsky B.Sc., CA to its Board of Directors and Chairman of the Company's Audit Committee. "Martin's corporate governance and audit committee experience will add another layer of depth to the Board's oversight, especially as the Company moves toward adoption of International Financial Reporting Standards (IFRS)," said Kaare Foy, the Company's Executive Chairman. Martin Carsky is a senior financial executive with over twenty years experience in capital markets, mergers and acquisitions, restructuring, and corporate governance. He is the CEO of Anthem Ventures Capital Corp. and also acts as a financial consultant to several privately-held businesses. He is currently a Director and Chairman of the Audit Committee for Pacific Safety Products and Con-Space Communications as well as serving on the boards of Cangold Limited and Anthem Ventures Capital Corp. Mr. Carsky holds the designation of Chartered Accountant and has a Bachelor of Science degree. The Company also announces the resignation of Michael Turko from its Board. The Company also announces that a total of 3,106,700 incentive stock options which had been granted in prior years to employees and consultants, none of whom are Insiders of the Company, have been cancelled. The cancelled options were exercisable at $0.90 and $1.42. The Company has granted incentive stock options to employees, consultants, directors and officers to purchase up to an aggregate of 5,752,700 common shares under the Company's Incentive Share Option Plan. These options are exercisable for a period of five years from the date of grant at a price of $0.45 per share. The options are granted to reward and motivate employees, consultants, directors and officers for their contribution toward the success and goals of the Company, while acknowledging the reality of current and anticipated ongoing market conditions. "The majority of the new options are going to staff in Mexico who have been responsible for Great Panther's recent record production in the face of market difficulties," said Robert Archer, the Company's President & CEO. ON BEHALF OF THE BOARD Kaare G. Foy, Executive Chairman |
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Feb 09, 2009 04:18PM
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