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