GPL - Great Panther Mining signs LOI to sell Coricancha Mine in Peru

• Great Panther Mining ( NYSE: GPL ) has signed a non-binding letter of intent with Newrange Gold to sell its Coricancha Mine in Peru for $750K in cash.
• The mine, located in the central Andes of Peru approximately 90km east of Lima, is managed by GPL's Peruvian subsidiaries, Great Panther Silver Peru and Great Panther Coricancha.
• The project is currently in care and maintenance and includes an operational 600 ton/day mill, an underground mine and supporting infrastructure.
• The completion of the transaction is subject to certain conditions, including the approval of the company's proposal trustee.
• GPL shares were down ~4% shortly before 11.30AM ET

For further details see: