Pan African Resources Plc ADR's to trade on OTCQX Market in the US

 
TIDMPAF 
 
Pan African Resources PLC 
 
(Incorporated and registered in England and Wales under Companies Act 1985 with 
registered number 3937466 on 25 February 2000) 
 
Share code on AIM: PAF 
 
Share code on JSE: PAN 
 
ISIN: GB0004300496 
 
ADR ticker code: PAFRY 
 
("Pan African" or "the Company") 
 
PAN AFRICAN TO COMMENCE TRADING ON OTCQX MARKET IN THE UNITED STATES 
 
Pan African is pleased to announce that the Company's American Depository 
Receipt ("ADR") programme has been upgraded and approved to trade on the OTCQX 
Best Market ("OTCQX Market") in the United States of America ("US"), with 
effect from 23 October 2020. 
 
Pan African's CEO, Cobus Loots said: "We are pleased to be admitted to the 
OTCQX Market, which is the highest tier of the OTC market. To qualify, Pan 
African has complied with the OTCQX Market requirements including high 
financial standards, corporate governance requirements, and compliance with 
applicable securities laws. Trading on the OTCQX Market will significantly 
enhance our visibility and provide better access to US investors". 
 
The Company was sponsored for OTCQX trade by MCAP LLC, a qualified third-party 
firm responsible for providing guidance on OTCQX requirements and recommending 
membership. Pan African is upgrading to the OTCQX Market from the Pink 
Over-the-Counter market and the ticker symbol (PAFRY) remains unchanged. 
 
The OTCQX Market is the premier tier of the US Over-the-Counter market that is 
operated by OTC Markets Group Inc. (OTCQX:OTCM). OTCQX is a trading market 
designed for established, investor-focused US and international companies. 
Current financial disclosures and Real-Time Level 2 quotes for Pan African are 
available at www.otcmarkets.com. 
 
Rosebank 
 
23 October 2020 
 
For further information on Pan African, please visit the Company's website at 
www.panafricanresources.com 
 
Contact information 
 
Corporate Office                               Registered Office 
The Firs Office Building                       Suite 31 
2nd Floor, Office 204                          Second Floor 
Cnr. Cradock and Biermann Avenues              107 Cheapside 
Rosebank, Johannesburg                         London 
South Africa                                   EC2V 6DN 
Office:   + 27 (0)11 243 2900                  United Kingdom 
[e-mail]                                 Office: + 44 (0)20 7796 8644 
 
Cobus Loots                                    Deon Louw 
Pan African Resources PLC                      Pan African Resources PLC 
Chief Executive Officer                        Financial Director 
Office: + 27 (0)11 243                         Office: + 27 (0)11 243 2900 
2900 
 
Phil Dexter/Jane Kirton                        Ross Allister/David McKeown 
St James's Corporate Services Limited          Peel Hunt LLP 
Company Secretary                              Nominated Adviser and Joint Broker 
Office: + 44 (0)20 7796 8644                   Office: [phone] 
 
Ciska Kloppers                                 Thomas Rider/Neil Elliot 
Questco Corporate Advisory Proprietary Limited BMO Capital Markets Limited 
JSE Sponsor                                    Joint Broker 
Office: + 27 (0)11 011 9200                    Office: [phone] 
 
Hethen Hira                                    Website: www.panafricanresources.com 
Pan African Resources PLC 
Head: Investor Relations 
Tel: + 27 (0)11 243 2900 
E-mail: [e-mail] 
 
 
 
END 
 

(END) Dow Jones Newswires

October 23, 2020 02:00 ET (06:00 GMT)