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Share Price: 24.80
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Change: 0.15 (0.61%)
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Open: 25.40
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Barberton Update

26 Jun 2007 07:02

Pan African Resources PLC26 June 2007 26 June 2007 Pan African Resources plc ("Pan African" or "the Company") Update on Barberton Transaction Pan African Resources plc (AIM: PAF), the African based exploration company,announces that it has obtained South African Reserve Bank ("SARB") approval forthe proposed Barberton acquisition. Highlights: •SARB approval a major step forward in completing the Barberton Acquisition •Documentation for shareholder approval to be issued during the first half of July The Company is pleased to announce that South African Reserve Bank approval hasbeen obtained for the proposed acquisition of Barberton Mines Limited, announcedon 20 December 2006. All material conditions to the successful completion of theBarberton transaction have now been fulfilled except for Johannesburg StockExchange ("JSE") and Shareholder approvals. The Company is expected to submitdocumentation for final JSE approval in the next week. Once approval is receivedfrom the JSE the Company will post documentation which will fully describe thetransaction to shareholders, with a notice convening an extraordinary generalmeeting. The Company expects to post this documentation during the first half ofJuly and it is expected that trading in the Company's shares on AIM willre-commence with the issue of the documentation. Jan Nelson, CEO of Pan African, said: "We are delighted with the announcementfrom SARB. We are now looking forward to our re-admission onto AIM andsubsequent secondary listing onto AltX. This is the springboard of almost ayear's work and will significantly enhance shareholder value in the Company aswell as strategically position Pan African for further growth opportunities." ENDS Enquiries Pan African Resources Ambrian Partners Jan Nelson / CEO Richard Brown / NOMAD +27 (0) 82 4945628 +44 (0) 207 776 6400 Colin Bird / Chairman + 44 (0) 207 584 2144 Parkgreen Communications - United Kingdom Justine Howarth/Clare Irvine +44 (0) 207 851 7480 FD Beachhead - South Africa Jennifer Cohen/Louise Brugman +27 (0) 82 468 6469 / + 27 (0) 83 504 1186 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
26th Apr 20127:30 amPRNFurther Cautionary Announcement
12th Apr 20128:00 amPRNAppointment of Non-Executive Director
5th Apr 20122:00 pmPRNHolding(s) in Company
5th Apr 20127:00 amPRNChange of Nomad and Joint Broker
4th Apr 201210:00 amPRNBarberton Tailings Retreatment Plant.
3rd Apr 20127:00 amPRNAdditional Listing
30th Mar 20122:45 pmPRNDealings by an Associate of an Non-Executive Director
13th Mar 20128:30 amPRNChange of JSE Sponsor
12th Mar 20127:07 amPRNFurther Cautionary Announcement
22nd Feb 20128:00 amPRNStatement re Results Presentation by Pan African
22nd Feb 20127:00 amPRNInterim Results for the 6 months ended 31 December 2011
1st Feb 201211:12 amPRNApproval for Barberton Tailings Project
31st Jan 20127:48 amPRNPresentation re acqusition of Evander on website
30th Jan 20122:04 pmPRNStatement re acquisition of Evander Gold Mine
30th Jan 20122:01 pmPRNAcquisition of Evander Gold Mine
30th Jan 20128:06 amPRNJoint briefing by Pan African and Wits Gold
25th Jan 20127:00 amPRNTrading Statement
30th Dec 201112:40 pmRNSSecond Price Monitoring Extn
30th Dec 201112:35 pmRNSPrice Monitoring Extension
29th Dec 20117:00 amPRNRenewal of Cautionary Announcement
14th Dec 201112:30 pmPRNChanges to the Board of Directors
13th Dec 20111:00 pmPRNHolding(s) in Company
1st Dec 20119:00 amPRNTotal Voting Rights
29th Nov 20117:11 amPRNFirst production at Phoenix
24th Nov 20119:00 amPRNIssue of Equity
17th Nov 201112:00 pmPRNCautionary Announcement
2nd Nov 20113:56 pmPRNDealings by an Associate of an Non-Executive Director
1st Nov 20113:52 pmPRNResult of AGM
1st Nov 20112:46 pmPRNDealings by an Associate of a Non-executive Director
28th Oct 20117:00 amPRNIssue of Equity
17th Oct 20117:00 amPRNCold commissioning commences at Phoenix Platinum
28th Sep 20111:50 pmPRNCorrection to Annual Report and Dividend dates
28th Sep 20118:30 amRNSAnnual Report, AGM & Dividend notification
22nd Sep 20112:09 pmPRNHolding(s) in Company
22nd Sep 20111:48 pmPRNNominated Adviser Change of Registered Name
12th Sep 20117:00 amPRNFinal Results
19th Aug 20117:00 amPRNListing of Manica as a Separate Entity
15th Aug 20117:00 amPRNNotice of Results
27th Jul 20118:51 amPRNWage Negotiations Concluded
20th Jul 20111:00 pmPRNDirectorate Change
1st Jul 201112:32 pmPRNCorrection : Statement re Phoenix Platinum Project
1st Jul 201112:01 pmPRNStatement re Phoenix Platinum Project
22nd Jun 20117:00 amPRNResource Upgrade at Manica and Group Resource Upgrade
9th Jun 20118:00 amPRNResults of Drilling Programme at Bramber Tailings Dam
31st May 20119:20 amPRNStatement re Conference Presentation
31st May 20119:15 amPRNStatement re Barberton Mines Resource Upgrade
3rd May 20118:58 amPRNStatement re Revolving Credit Facility
4th Apr 20117:00 amPRNMozambique Govt Awards Mining Licence on Manica Project
23rd Mar 20117:00 amPRNPan African Commences Bulk Earthworks at Phoenix Plat
22nd Feb 20117:00 amPRNInterim results for the six months ended 31 Dec 2010

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