REG - Goldplat plc - Update on Sale of Kilimapesa

GoldplatAnnouncement

01/04/2021 10:05

RNS Number : 3027U
  
Goldplat plc
  
01 April 2021
  
 

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
 
 
1 April 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 (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 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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