PAN AFRICAN RESOURCES PLC - Pan African's Acquisition of Evander Gold Mines Limited from Harmony becomes unconditionalRelease Date: 15/02/2013 10:00:00 Code(s): PAN HAR PDF(s):
Pan African's Acquisition of Evander Gold Mines Limited from Harmony becomes unconditional
Pan African Resources PLC Harmony Gold Mining Company Limited
(Incorporated and registered in England and Registration number 1950/038232/06
Wales under Companies Act 1985 Incorporated in the Republic of South Africa
with registered number 3937466 on 25 February ISIN: ZAE000015228
2000) NYSE code: HMY
AIM Code: PAF JSE share code: HAR
JSE Code: PAN (“Harmony”)
PAN AFRICAN’S ACQUISITION OF EVANDER GOLD MINES LIMITED (“EVANDER”) FROM
HARMONY (“TRANSACTION”) BECOMES UNCONDITIONAL
Pan African and Harmony are pleased to advise their shareholders that the last remaining condition
precedent to the Transaction has been fulfilled following receipt of the consent required in accordance
with section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002.
Accordingly, the Transaction is now unconditional.
Pan African shall assume effective control over Evander on 28 February 2013.
Jan Nelson, CEO of Pan African said:
“We are delighted to finally take full control of Evander – a world class ore body and exceptional team
of people will ensure that Pan African continues to deliver profitable, sustainable stakeholder growth.
In addition to the 100koz of annual gold production, Evander also provides Pan African with a project
pipeline that provides for significant growth possibilities and flexibility.
I would like to thank Harmony on behalf of the board of Pan African for the manner and spirit in which
the transaction was concluded. We welcome the Evander team and look forward to an exciting
Graham Briggs, CEO of Harmony said:
“The proceeds from the Evander sale further strengthen Harmony’s cash position. We are leaving
Evander in the hands of a capable management team, who we believe will run the mine in a
15 February 2013
Lead Corporate Adviser, Transaction Corporate Adviser to Harmony
Sponsor and JSE Sponsor to Pan African
One Capital Merrill Lynch South Africa
Joint Corporate Adviser and Independent Sponsor to Harmony
Transaction Sponsor to Pan African
Nedbank Capital J. P. Morgan Equities South Africa (Pty) Ltd
Legal Counsel to Pan African Legal Counsel to Harmony
Werksmans Inc. Edward Nathan Sonnenbergs Inc.
PAN AFRICAN ENQUIRIES
South Africa UK
Pan African Resources Canaccord Genuity Limited – Nomad and Joint Broker
Jan Nelson, Chief Executive Officer Rob Collins / Peter Stewart / Sebastian Jones / Joe
+27 (0) 11 243 2900 Weaving
+44 (0) 20 7523 8350
One Capital finnCap Limited – Joint Broker
Sholto Simpson / Megan Young Elizabeth Johnson / Joanna Weaving
+27 (0) 11 550 5000 +44 (0) 20 7220 0500
Vestor Investor Relations St James’s Corporate Services Limited
Louise Brugman Phil Dexter
+27 (0) 11 787 3015 +44 (0) 20 7499 3916
+27 83 504 1186
+44 (0) 20 7193 7463 / +44 (0) 7525 324431
For further information on Pan African, please visit the website at www.panafricanresources.com
Investor Relations Officer
+27 (0) 82 759 1775 (mobile)
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)
For further information on Harmony, please visit the website at www.harmony.co.za
Date: 15/02/2013 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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