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Goldplat plc (via Public) / Update on the Consideration Receivable for the Sale of Kilimapesa Gold (Pty) Limited ( Kilimapesa )
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Investegate |Goldplat plc Announcements | Goldplat plc: Update on Consideration Receivable for Kilimapesa
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Goldplat plc, an AIM quoted gold producer with international gold recovery operations located in South Africa and Ghana, has announced that all conditions precedent in respect of the sale of Kilimapesa, which owns the Kilimapesa Gold Mine in Kenya, to Mayflower Gold Investments Limited, have been either met or waived and that the sale of Kilimapesa (the transaction) is now complete. The completion of the transaction will enable Goldplat to focus on its recovery operations and Mayflower Gold s parent company Mayflower Capital Investments Pty Limited to accelerate its investment into Kilimapesa.
In order to enable early completion of the transaction, both parties agreed to waive the requirement that Papillon Holdings plc completes its proposed reverse takeover of Mayflower Gold (RTO) and re-admission to trading on the London Stock Exchange (LSE).