Business
Results of EGM
Results of EGM.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n Pan African Resources PLC\n27 July 2007\n\n\n \n27th July 2007\n\n Pan African Resources plc\n ('Pan African' or 'the Company')\n\n Result of EGM\n\n\nPan African Resources plc announces that all resolutions proposed today at the\nEGM were duly passed. This clears the final hurdles to completion of the\nacquisition of Barberton Mines Limited ('Barberton') and the proposed admission\nof the Company as enlarged by Barberton to trading on the AIM market and the\nAltx* market in South Africa, which is expected to occur on 31 July.\n\nJan Nelson, CEO made the following comments on the Barberton transaction: ' The\nsucccessful acquisition of Barberton and admission to trading on the AIM and\nAltx markets places Pan African in a gold arena where there is a shortage of\nproducers. In addition to the Barberton acquisition adding an attributable\nresource of 1.36moz, it also provides senior operational and technical skills\nwhich will greatly assist the Company in our production and growth mission.'\n\nHe continued: 'In conjuction, we are also pursuing organic growth with Manica\nwhere the bankable feasbility study will be initiated toward the end of this\nyear. This is later than previously planned as we have extended the drilling\nprogramme on this project given encouraging results so far. I would like to take\nthis opportunity to thank the Board for its contribution in concluding this deal\nand our shareholders for their continued support throughout this process. We\nwould also like to welcome Simon Malone and Charles Needham as Non-Executive\nDirectors of the Company along with the entire team at Barberton.'\n\n* Altx - The Alternative Exchange is a division of the JSE Limited.\n\n\n ENDS\n\n\nFor further information on Pan African Resources plc, please visit the website\nat www.panafricanresources.com\n\n\nEnquiries:\n\nPan African Resources Ambrian Partners Parkgreen Communications\nJan Nelson / CEO Richard Brown Justine Howarth/Bex Sanders-Hewett\n+27 (0) 82 4945628 +44 (0) 207776 6400 +44 (0) 207851 7480\n\nColin Bird / Chairman\n+ 44 (0) 207 584 2144\n\n\n\n\nNotes to Editors:\n\nPan African Resources PLC ('Pan African' or 'the Company') is a mid tier gold\nproduction and exploration company with assets in Mozambique, Central African\nRepublic and a regional exploration focus in Ghana. The Company was admitted to\nAIM (TIDM: P...