REG - Goldplat plc - Update on sale of Kilimapesa

GoldplatAnnouncement

11/03/2021 07:06

RNS Number : 8701R
  
Goldplat plc
  
11 March 2021
  
 

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
 
 
11 March 2021
 
Goldplat plc
('Goldplat', the 'Group' or 'the Company')
 
Sale of the Kilimapesa Gold Mine - Transaction Update
 
 
 
Goldplat plc, the AIM quoted gold producer, with international gold recovery operations located in South Africa 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 information visit www.goldplat.com, follow on Twitter @GoldPlatPlc or contact:
 




Werner Klingenberg
 


Goldplat plc 
(CEO)
 


Tel: +27 (0) 82 051 1071




Colin Aaronson / Harrison Clarke/Seamus Fricker
 


Grant Thornton UK LLP
(Nominated Adviser)


Tel: +44 (0) 20 7383 5100
 




James Joyce / Jessica Cave
 


WH Ireland Limited 
(Broker)
 


Tel: +44 (0) 207 220 1666
 




Tim Thompson / Mark Edwards / Fergus Mellon


Flagstaff Strategic and Investor Communications


Tel: +44 (0) 207 129 1474
goldplat@flagstaffcomms.com
 




The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU No. 596/2014) which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 
 
 
 

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