1st Sep 2022 11:45
Pan African Resources PLC - Rosebank-headquartered gold producer - Extends the deadline for the fulfilment of the remaining conditions for the acquisition of Mogale Gold Pty Ltd and Mintails' SA Soweto Cluster Pty Ltd to September 30. Explains that it will give the company enough time to conclude the final aspects of its due diligence investigation.
In November 2020, Pan African entered into conditional agreements to acquire Mogale Gold and Mintails' SA Soweto Cluster. Both are 100% owned by Mintails SA.
The deadline to conclude the Mintails deal was already extended previously to August 31.
Johannesburg current stock price: ZAR3.55, down 1.7%
12-month change: up 1.4%
London current stock price: 17.80 pence, down 3.3%
12-month change: up 1.6%
By Abby Amoakuh; [email protected]
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