Pan African Resources PLC (AIM:PAF) agreed to acquire Blyvoor Gold Operations Pty Ltd from Blyvoor Gold (Pty) Ltd for ZAR 110 million on December 15, 2021. The consideration will be paid in and funded from internal resources of Pan African. The transaction is subject to due diligence review and not subject to shareholder approval. Pan African may, at its sole discretion and subject to fulfilment of suspensive conditions customary for a transaction of this nature, elect to conclude the transaction in December 2022. Ross Allister and David McKeown of Peel Hunt LLP acted as nominated adviser of Pan African.