Goldplat plc Replacement:Update on consideration for Kilimapesa (8062F)

TIDMGDP

RNS Number : 8062F

Goldplat plc

20 July 2021

G ol dp lat plc / Ti cker: GDP / Index: AIM / Secto r: M in i ng & E x p l o rati on

The following amendments have been made to the 'Update on the Consideration Receivable for the Sale of Kilimapesa' announcement released at 7:08am on 20 July 2021 under RNS Number 7921F.

The Consideration in the final paragraph is USD1,500,000

All other details remain unchanged.

The full amended text is shown below.

   Goldplat   plc 
   ( 'Goldplat', t he   'Group' or 'the   Company ') 

Update on the Consideration Receivable for the Sale of Kilimapesa Gold (Pty) Limited ('Kilimapesa')

G ol dp lat pl c, the AIM quoted g o ld p r o ducer, w ith internati onal g o ld reco very o perati ons l o cated in South Afr i ca 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 GBP5.5 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 USD1,500,000 consideration will be payable in cash and remainder through the issue of Papillon shares to Gold Mineral Resources Ltd, Goldplat's subsidiary.

For further i n fo rmat i on v i s it www .g o ld p lat.com, f o l l ow on Twitter @GoldPlatPlc or contact:

 
 Werner Klingenberg            Goldplat plc               Tel: [phone] 
                                (CEO) 
 Colin Aaronson / George       Grant Thornton UK LLP      Tel: [phone] 
  Grainger                      (Nominated Adviser)        5100 
 Jessica Cave / Lydia          WH Ireland Limited         Tel: [phone] 
  Zychowska                     (Broker)                   1666 
 Tim Thompson / Mark Edwards   Flagstaff Strategic and    Tel: [phone] 
  / Fergus Mellon               Investor Communications    1474 
                                                           [e-mail] 
 

Th e i n formati on co ntai ned w ith in t h is ann oun cement is deemed to const itute in s ide i nf o rma t i on as st ipu lated under the Market Abu se Regulati on (EU No. 596/2014) which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Up on the pub l ication of this ann o u ncement, this in s i de i n fo rmati on is now c o n s i dered to be in the pub l ic domain.

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July 20, 2021 04:38 ET (08:38 GMT)