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As reported in the interim accounts, on
3 September 2020, the company announced that it had signed a binding Heads of Agreement (the Agreement ) with Mayflower Capital Investments Pty Limited ( Mayflower ) to acquire certain contractual gold production and exploration rights held by Mayflower in
Republic of Kenya and in Congo Brazzaville. These rights are held by Mayflower through a special purpose vehicle, Mayflower Gold Limited which is incorporated in the
United Kingdom.
Under the Agreement, the Company will acquire 100% of the share capital of Mayflower Gold and the options it holds to acquire: (a) 100% of the share capital of Kilimapesa Gold Pty Limited, which holds a 100% interest in the
Chief Executive s Report
As reported in the interim accounts, on 3 September 2020, the company announced that it had signed a binding Heads of Agreement (the Agreement ) with Mayflower Capital Investments Pty Limited ( Mayflower ) to acquire certain contractual gold production and exploration rights held by Mayflower in Republic of Kenya and in Congo Brazzaville. These rights are held by Mayflower through a special purpose vehicle, Mayflower Gold Limited which is incorporated in the United Kingdom.
Under the Agreement, the Company will acquire 100% of the share capital of Mayflower Gold and the options it holds to acquire: (a) 100% of the share capital of Kilimapesa Gold Pty Limited, which holds a 100% interest in
Papillon Holdings plc, the
London listed investment company, is pleased to provide an update relating to the Company s agreement with Mayflower Capital Investments Pty Limited ( Mayflower ) on the purchase of the
Kilimapesa Gold Mine in
Kenya ( Kilimapesa or the Mine ) (the Transaction ). The completion of the Transaction is a key component of the Company s planned re-admission to the Official List by way of a Reverse Take Over ( RTO ) and to trading on the Standard Segment of the Main Market of the London Stock Exchange and contemporaneous dual listing on the Frankfurt Stock Exchange.
Further to the announcement dated
26 March 2021, Papillon has been advised that Mayflower has now completed the acquisition of Kilimapesa Gold Pty Limited from Gold Mineral Resources ( GMR ), the AIM listed subsidiary of Goldplat plc ( Goldplat ) (the Acquisition ). The Acquisition has been completed through Mayflower s wholly owned and