Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
20 July 2021
Goldplat plc ('Goldplat' or 'the Company')
Update on the Consideration Receivable for the Sale of Kilimapesa Gold (Pty) Limited ('Kilimapesa')
Goldplat plc, the AIM quoted gold producer, with international gold recovery operations located in South Africa and Ghana, is pleased to provide an update on the consideration receivable on the sale of Kilimapesa to Mayflower Gold Investments Limited ('Mayflower Gold').
Subsequent to the Company's announcement of yesterday, 19 July 2021, Papillon Holdings plc ('Papillon') has announced that its Prospectus has been approved by the Financial Conduct Authority (the 'FCA'). The Prospectus relates to the readmission of Papillon's ordinary shares to the standard listing segment of the Official List of the FCA and to trading on the Main Market for listed securities of the London Stock Exchange plc ('LSE'), which is expected to take place on 23 August 2021 alongside a contemporaneous dual listing on the Frankfurt Stock Exchange. Papillon also announced that it has raised gross proceeds of approximately £5.5 million through the issue of placing shares.
The approval of the Prospectus is key step towards Papillon's re-admission to trading on the LSE and its proposed reverse takeover of Mayflower Gold, subsequent to which 30% (USD450,000) of the USD1,5000,000 consideration will be payable in cash and remainder through the issue of Papillon shares to Gold Mineral Resources Ltd, Goldplat's subsidiary.