Goldplat plc Update on Sale of Kilimapesa (1988K)
31 August 2021 - 5:33PM
UK Regulatory
TIDMGDP
RNS Number : 1988K
Goldplat plc
31 August 2021
G ol dp lat plc / Ti cker: GDP / Index: AIM / Secto r: M in i ng
& E x p l o rati on
31 August 2021
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 on, 20 August 2021,
Papillon Holdings plc, renamed as Caracal Gold plc ("Caracal")
announced that today, 31 August 2021, at 08:00, its ordinary shares
commenced trading on the Main Market for listed securities of the
London Stock Exchange plc ('LSE') under the ticker GCAT with a
contemporaneous dual listing on the Frankfurt Stock Exchange,
following completion of the reverse takeover of Mayflower Gold.
Goldplat has received 103,846,154 shares in Caracal
(representing 7.17% of its issued share capital) as consideration
for the sale of Kilimapesa, to be held for minimum of 12 months. In
addition, the Group is due to receive a further cash payment of
USD450,000 in the next two weeks and is also entitled to a 1% net
smelter royalty, limited to USD1,500,000, of which circa USD14,000
is already payable.
Werner Klingenberg, CEO of Goldplat commented: "I am pleased to
announce the completion by Caracal of the reverse takeover of
Mayflower Gold and Caracal commencing trading on the LSE's Main
Market, which is the last step in the transaction which included
the sale of Kilimapesa Gold.
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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