Pre-payment facility agreed with Auramet International <Origin Href="QuoteRef">GLDP.L</Origin>

GoldplatAnnouncement

12/11/2015 07:00

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration 
 12 November 2015 
 Goldplat plc ('Goldplat' or 'the Company') 
 Pre-payment facility agreed with Auramet International 
 
 Goldplat plc, the AIM listed African gold producer, announces that its gold
recovery operation in Ghana, Gold Recovery Ghana ("GRG") has received cash of
USD1.4 million on 5 November 2015 in respect of the backlog material sold to
Aurubis AG.  This receipt will enable GRG to make payments to two of
Goldplat's major gold material suppliers in Ghana, which, in turn, will enable
GRG to draw materials from those suppliers and accelerate expansion in Ghana. 
 
 To achieve this GRG entered into a pre-payment agreement with Auramet
International LLC ("Auramet"), on 20 October 2015 (the "Pre-payment
Agreement"). The effect of the Pre-payment Agreement is to accelerate receipt
of funds due from Aurubis in December 2015 and January 2016. The Pre-payment
Agreement provides for the payment of interest at three month Libor plus 5% on
an annualised basis, so that the cost to the Group is expected to be
approximately 1% of the amount received, or approximately $15,000. 
 
 GRG may avail itself of this facility in future, as and when required. 
 
 ** ENDS ** 
 
 For further information visit www.goldplat.com or contact: 
 
  Gerard Kisbey-Green, CEO                   Goldplat plc                      Tel: +27 (71) 8915775       
  Ewan Leggat/Jeff Keating              SP Angel Corporate Finance LLP    Tel: +44 (0) 20 3470 0470   
  Andrew Raca/Justin McKeegan               VSA Capital                       Tel: + 44 (0)20 3005 5000   
  Felicity Winkles /Charlotte Heap           St Brides Partners Ltd            Tel: +44 (0) 20 7236 1177   
 Goldplat plc, is an AIM-listed gold recovery company with two market leading
operations in South Africa and Ghana. The Company's strategy is focussed on
utilising its cash flow generated from flagship gold recovery operations in
Africa to self-fund sustainable growth and expansion of niche gold recovery
business model. The Company also has a small gold mining and exploration
portfolio in Kenya, Burkina Faso and Ghana and is evaluating various
opportunities to create value or monetise these assets. 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: Goldplat plc via Globenewswire 
 HUG#1966308