TIDMGDP

RNS Number : 8701R

Goldplat plc

11 March 2021

G ol dp lat plc / Ti cker: GDP / Index: AIM / Secto r: M in i ng & E x p l o rati on

11 March 2021

   Goldplat   plc 
   ( 'Goldplat', t he   'Group' or 'the   Company ')

Sale of the Kilimapesa Gold Mine - Transaction Update

G ol dp lat pl c, the AIM quoted g o ld p r o ducer, w ith internati onal g o ld reco very o perati ons l o cated in South Afr i ca and Ghana, is pleased to provide an update relating to the sale of the Kilimapesa Gold Mine in Kenya ('Kilimapesa' or the 'Mine') (the 'Transaction').

Further to the announcement of 23 February 2021, the Company has received notification from Mayflower Capital Investments Pty Limited ("Mayflower") that in accordance with Section 51(6), (7) and (8) of the Mining Act no. 12 of 2016, consent to the proposed acquisition of Kilimapesa by Mayflower Gold Investments Limited, a subsidiary of Mayflower, has been provided by the Ministry of Petroleum and Mining (the 'Consent').

Furthermore, the Competition Authority of Kenya has provided confirmation that the proposed acquisition of Kilimapesa has been declared excluded from the provisions of Part IV of the Competition Act No. 12 of 2010 (the 'Exclusion').

Receipt of the Consent and confirmation of the Exclusion constitute the satisfaction of key conditions to the completion of the Transaction.

Werner Klingenberg, CEO of Goldplat commented: "I am pleased to report these positive developments in the sale of Kilimapesa, specifically the consent to the acquisition of Kilimapesa received by the Ministry for Petroleum and Mining. Together with the confirmation received from the Competition Authority, it puts all parties in a good position to complete the Transaction.

For further i n fo rmat i on v i s it www .g o ld p lat.com, f o l l ow on Twitter @GoldPlatPlc or contact:

 
 Werner Klingenberg            Goldplat plc               Tel: +27 (0) 82 051 1071 
                                (CEO) 
 Colin Aaronson / Harrison     Grant Thornton UK LLP      Tel: +44 (0) 20 7383 
  Clarke/Seamus Fricker         (Nominated Adviser)        5100 
 James Joyce / Jessica         WH Ireland Limited         Tel: +44 (0) 207 220 
  Cave                          (Broker)                   1666 
 Tim Thompson / Mark Edwards   Flagstaff Strategic and    Tel: +44 (0) 207 129 
  / Fergus Mellon               Investor Communications    1474 
                                                           goldplat@flagstaffcomms.com

Th e i n formati on co ntai ned w ith in t h is ann oun cement is deemed to const itute in s ide i nf o rma t i on as st ipu lated under the Market Abu se Regulati on (EU No. 596/2014) which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Up on the pub l ication of this ann o u ncement, this in s i de i n fo rmati on is now c o n s i dered to be in the pub l ic domain.

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END

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March 11, 2021 02:00 ET (07:00 GMT)

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