Exercise of Options and Issue of Equity
Goldplat announces that 750,000 new Ordinary Shares of 1p each (‘New Ordinary Shares) were today allotted pursuant to the exercise of the same number of options at an exercise price of 7.5p.
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. Admission of the New Ordinary Shares to trading on AIM is expected to occur on 2 February 2012. Following the issue of the New Ordinary Shares, the Company's issued share capital will consist of 167,870,000 ordinary shares of 1p. The total number of voting shares in issue immediately following Admission will be 167,870,000. The Company holds no ordinary shares in treasury.
For further information visit www.goldplat.com or contact:
|Demetri Manolis, CEO||Goldplat plc||Tel: +27 (0) 11 423 1203|
|Ewan Leggat/Katy Birkin||Fairfax I.S. PLC||Tel: +44 (0) 20 7598 5368|
|Felicity Edwards||St Brides Media & Finance Ltd||Tel: +44 (0)20 7236 1177|
Goldplat plc, which has a market cap of circa £19 million, is an AIM-listed profitable, debt free gold producer and mine development company focussed in Africa, which has a strong cash position of in excess of £4.59 million as at 31 December 2011. The Company has a solid portfolio of assets including two gold recovery operations in South Africa and Ghana, which recover precious metal from by-products of the mining process such as woodchips, fine carbon and waste grease. For the FY 2011 these operations produced circa 28,000 ounces of gold. Goldplat also has a producing gold mine in Kenya and two brownfield gold development projects in Ghana and Burkina Faso with near term resource upgrade potential from which it aims to delineate in excess of 1 million ounces of resources by H1 2012. In line with this, the Company has implemented defined exploration and development programmes across each of its projects with a view to developing multiple profitable mining operations in the near to medium term.
Goldplat is a profitable, African gold recovery services company . . .More info...
Goldplat has two profitable gold recovery businesses in South Africa and Ghana . . .More info...
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