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Pan African has announced that its American Depository Receipt programme has been upgraded and approved to trade on the OTCQX Best Market in the United States of America.

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”.

Pan African is upgrading to the OTCQX Market from the Pink Over-the-Counter market and the ticker symbol (PAFRY) remains unchanged.