Scheme becomes effective

RNS Number : 1927K

Pan Andean Resources PLC

14 April 2010

 



Pan Andean Resources plc

Scheme becomes effective

The Scheme to implement the recommended proposals for the acquisition of Pan Andean Resources plc ('the Company') by Petrominerales Ltd. (including the demerger of the North American and Bolivian interests of the Company) has now become effective in accordance with its terms.

A request has been made to the London Stock Exchange to cancel the admission of Pan Andean Shares to trading on AIM with effect from 7.00 a.m. on 15 April 2010.

Pan Andean Resources	[phone]
John Teeling, Executive Chairman
Smith & Williamson Corporate Finance Limited	[phone]
Nominated Adviser - Nick Reeve/Martyn Fraser
Broking - Barrie Newton

 

END

 

 

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