Statement re. Press Comment

Pan Andean Resources PLC 08 June 2004 Pan Andean Resources has noted press comment today concerning the Company proposing to conduct a fundraising. The Company can confirm that it is in the final stages of concluding a fundraising and will make a further announcement in due course. This information is provided by RNS The company news service from the London Stock Exchange

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Pensana (PRE)
UK 100

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