• Patronus, which controls 7.38% of Emmerson shares, intends to vote in favor of the scheme
• Scheme exchange ratio to be at least 0.1493 PAN shares per Emmerson share
• No superior proposal to emerge and independent expert to conclude scheme is in best interests of shareholders

Emmerson Resources Limited (ASX: ERM) has announced that it has received a voting intention statement from Patronus Resources Limited (Patronus). Patronus, which currently controls 49,144,000 ordinary shares in Emmerson, representing approximately 7.38% of the company's issued capital, has confirmed its intention to vote all of these shares in favor of the proposed scheme of arrangement with Pan African Resources plc (PAN), subject to: the share exchange ratio for the scheme being not less than 0.1493 PAN shares (in the form of PAN ASX CDIs) for each Emmerson share held; no superior proposal emerging; and the independent expert concluding that the scheme is in the best interests of Emmerson shareholders. This announcement follows Emmerson's previous disclosure that shareholders representing approximately 32% of the company's shares have provided intention statements to vote in favor of the scheme, subject to similar conditions. The Emmerson board unanimously recommends that Emmerson shareholders vote in favor of the scheme, in the absence of a superior proposal and subject to the independent expert concluding that the scheme is in the best interests of Emmerson shareholders. The Emmerson directors have also entered into voting deed polls agreeing to vote all Emmerson shares in favor of the scheme.