Pan African Resources has agreed to acquire 100% of Emmerson Resources via a scheme, valuing Emmerson at about A$311 million on a fully diluted basis. Emmerson shareholders are set to receive 0.1493 Pan African shares in the form of ASX-listed CDIs for each Emmerson share, implying A$0.45 per share, with implementation targeted for late July 2026 following a vote expected in mid-2026, Emmerson said.
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