Pan African Resources Regulatory News (PAF)

11 May 2007 16:17

Pan African Resources PLC11 May 2007 11 May 2007 Pan African Resources Issue of Shares Pan African Resources (the 'Company') today announces the issue of 10,250,000Ordinary Shares of 1p each in the Company ('Shares'), comprised as follows: - 1,677,273 Shares issued in respect of the exercise of options. - 1,072,727 Shares issued to Goldiam SARL in consideration for the acquisitionof the 10 per cent. free carried interest in the Company's Bogoin and Dekoaprojects, as announced on 13 March 2006. - 6,750,000 Shares issued to Bullion Prospects SA (Pty) Limited and 750,000Shares issued to Geoser Limitada in respect of the acquisition of ExplorataLimitada as announced on 9 January 2006. The Company's Shares are currently suspended from trading on the AIM Market ofthe London Stock Exchange ('AIM') and hence the new Shares will be admitted totrading on AIM when the suspension is lifted. The Company expects to make anannouncement with regard to the timing of the lifting of its suspension beforethe end of May 2007. Following these issues, the Company will have 418,003,235 Shares in issue with418,003,235 voting rights. For further information please contact: Pan African Resources Ambrian Partners Limited Parkgreen CommunicationsNathan Steinberg Richard Brown Justine HowarthFinance Director +44 (0)20 7776 6417 +44 (0) 20 7851 7480+44 (0) 20 7845 7500 This information is provided by RNS The company news service from the London Stock Exchange