✅ #PAF Pan African Resources has agreed to acquire 100% of Emmerson Resources.
✅With Emmerson shareholders #ERM.ax receiving 0.1493 new Pan African shares (ASX-listed CDIs) per $ERM share, implying an equity value of c. £163m (A$311m)
✅A 36.4% #MNA/ #takeover premium to the last sp close.