Source - SMW
Pan African Resources said it had entered into exclusive negotiations with the joint administrators of ASA Resource Group in relation to acquiring some of its assets.

A successful deal could have a material effect on Pan African's share price, the company said. 

'Discussions are ongoing and as such there can be no certainty the acquisition will conclude,' it added.

At 1:21pm: (LON:PAF) Pan African Resources PLC share price was +0.13p at 13.19p