Goldplat plc Update on Sale of Kilimapesa (3027U)
April 01 2021 - 4:00AM
UK Regulatory
TIDMGDP
RNS Number : 3027U
Goldplat plc
01 April 2021
G ol dp lat plc / Ti cker: GDP / Index: AIM / Secto r: M in i ng
& E x p l o rati on
1 April 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 (the 'Transaction').
The Company is pleased with the substantial progress that has
been achieved over the past month in satisfying a number of key
conditions of the Transaction. These include: receipt of government
consent and approval of the Transaction; the execution by all
parties of a formal Share Purchase Agreement ("SPA"); and the
submission by Papillon Holdings Plc ("Papillon") of the prospectus
to the Financial Conduct Authority ("FCA"), under which Mayflower
Capital Investments Pty Limited ('Mayflower') will complete its
reverse takeover of Papillon and complete the Transaction with the
Group.
Given this progress and further to its announcement of 23
February 2021, the Company can confirm that the completion date of
the Transaction has been changed from 31 March 2021 to 30 April
2021, subject to the following being completed by 20 April
2021:
-- The Financial Conduct Authority's ("FCA") review of
Papillon's prospectus being finalised and the prospectus being
lodged;
-- Papillon having released its Notice of Meeting for its
shareholders to approve the transaction with Mayflower; and
-- The receipt of funding commitments as required by the SPA and
the binding term sheet first announced on 31 July 2020 of a minimum
of US$ 4 million;
Mayflower, Papillon and its advisors continue to engage with the
FCA with respect to obtaining the final approval for the
Prospectus.
Werner Klingenberg, CEO of Goldplat commented: "Mayflower and
Papillon continue to progress towards Papillon achieving its
planned re-admission to the Official List and Goldplat continues to
be very supportive and looks forward to completion of the
Transaction by the end of April 2021."
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
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