Pan African Resources will be added to the FTSE 250, FTSE 350 and FTSE 350 Lower Yield indices from the start of trading on 23 June following its proposed stock acquisition of Emmerson Resources.
Pan African Resources (LSE:PAF) is set to join the FTSE 250 from the start of trading on 23 June, as the stock acquisition of Emmerson Resources proceeds.
The inclusion, tied to the proposed acquisition of Emmerson, will also put Pan African in the FTSE 350 and FTSE 350 Lower Yield Index.
The purchase of Lincoln Estates Group secures 2,540 acre-feet of annual water rights and 841 acres of land less than 10 miles from Guardian Metal's Tempiute Tungsten Project.