Pan African Resources, the South Africa-focused gold miner listed on the JSE and AIM, confirmed on 22 June that the scheme to acquire Emmerson Resources is now legally effective, triggering a timetable that brings an ASX listing into view within the next two weeks.
Deferred-basis trading on the ASX is scheduled to begin on 23 June, with the scheme record date falling on 24 June.
Implementation of the scheme is set for 1 July, after which normal-settlement trading on the ASX is expected to commence on 2 July.
The acquisition of Emmerson Resources, an Australian gold explorer, was first announced by Pan African on 9 March, with the ASX dual-listing forming a central plank of the transaction's rationale for accessing Australian capital markets.
The 2 July commencement of normal ASX trading is the next definitive milestone.
