Goldplat announces that it has agreed a sale for its Kilimapesa Gold mine, currently on care-and-maintenance, in Kenya. Under the binding Term Sheet, Goldplat will sell the mine to Mayflower Capital Investments Pty Limited for USD1.5m in Mayflower Shares plus a 1% Net Smelter Return royalty capped at USD1.5m. Mayflower will look to list Kilimapesa in London and will seek to raise USD4m to recapitalise the business properly. Goldplat will keep its shares in Mayflower in escrow for 12 months.
31 Jul 2020
WHI First Light: Goldplat (GDP) - Sale of Kilimapesa Gold mine in Kenya
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WHI First Light: Goldplat (GDP) - Sale of Kilimapesa Gold mine in Kenya
Goldplat plc (GDP:LON) | 6.8 0 0.0% | Mkt Cap: 11.5m
- Published:
31 Jul 2020 -
Author:
Paul Smith -
Pages:
4
Goldplat announces that it has agreed a sale for its Kilimapesa Gold mine, currently on care-and-maintenance, in Kenya. Under the binding Term Sheet, Goldplat will sell the mine to Mayflower Capital Investments Pty Limited for USD1.5m in Mayflower Shares plus a 1% Net Smelter Return royalty capped at USD1.5m. Mayflower will look to list Kilimapesa in London and will seek to raise USD4m to recapitalise the business properly. Goldplat will keep its shares in Mayflower in escrow for 12 months.