Goldplat plc Replacement:Update on consideration for Kilimapesa (8062F)
20 July 2021 - 6:38PM
UK Regulatory
TIDMGDP
RNS Number : 8062F
Goldplat plc
20 July 2021
G ol dp lat plc / Ti cker: GDP / Index: AIM / Secto r: M in i ng
& E x p l o rati on
The following amendments have been made to the 'Update on the
Consideration Receivable for the Sale of Kilimapesa' announcement
released at 7:08am on 20 July 2021 under RNS Number 7921F.
The Consideration in the final paragraph is USD1,500,000
All other details remain unchanged.
The full amended text is shown below.
Goldplat plc
( 'Goldplat', t he 'Group' or 'the Company ')
Update on the Consideration Receivable for the Sale of
Kilimapesa Gold (Pty) Limited ('Kilimapesa')
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 on the
consideration receivable on the sale of Kilimapesa to Mayflower
Gold Investments Limited ('Mayflower Gold').
Subsequent to the Company's announcement of yesterday, 19 July
2021, Papillon Holdings plc ('Papillon') has announced that its
Prospectus has been approved by the Financial Conduct Authority
(the 'FCA'). The Prospectus relates to the readmission of
Papillon's ordinary shares to the standard listing segment of the
Official List of the FCA and to trading on the Main Market for
listed securities of the London Stock Exchange plc ('LSE'), which
is expected to take place on 23 August 2021 alongside a
contemporaneous dual listing on the Frankfurt Stock Exchange.
Papillon also announced that it has raised gross proceeds of
approximately GBP5.5 million through the issue of placing
shares.
The approval of the Prospectus is key step towards Papillon's
re-admission to trading on the LSE and its proposed reverse
takeover of Mayflower Gold, subsequent to which 30% (USD450,000) of
the USD1,500,000 consideration will be payable in cash and
remainder through the issue of Papillon shares to Gold Mineral
Resources Ltd, Goldplat's subsidiary.
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 / George Grant Thornton UK LLP Tel: +44 (0) 20 7383
Grainger (Nominated Adviser) 5100
Jessica Cave / Lydia WH Ireland Limited Tel: +44 (0) 207 220
Zychowska (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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