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Papillon Holdings PLC (LSE:PPHP) | RNS | Papillon Holdings

Papillon Holdings PLC (LSE:PPHP) | RNS | Papillon Holdings
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Papillon Holdings PLC (LSE:PPHP) | RNS | Papillon Holdings

Papillon Holdings PLC (LSE:PPHP) | RNS | Papillon Holdings
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Investegate |Goldplat plc Announcements | Goldplat plc: Update on the nine months ended 31 March 2021

Investegate announcements from Goldplat plc, Update on the nine months ended 31 March 2021 ....

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Migori gold miner gets nod for Sh743m Goldplat sale deal

Migori gold miner gets nod for Sh743m Goldplat sale deal
Wednesday May 12 2021
By BRIAN NGUGI
Summary
The Competition Authority of Kenya (CAK) has cleared the takeover of Migori-based gold miner Goldplat by rival Mayflower Gold Investments.
The watchdog valued the assets of London-listed Kilimapesa Gold in Migori at Sh742,726,000.
The Competition Authority of Kenya (CAK) has cleared the takeover of Migori-based gold miner Goldplat by rival Mayflower Gold Investments.
The watchdog valued the assets of London-listed Kilimapesa Gold in Migori at Sh742,726,000.
“The Competition Authority excludes the proposed acquisition of entire issued share capital in Kilimapesa Gold Limited by Mayflower Capital Investments Limited from the provisions of Part IV of the Act because…the merger will not affect competition negatively,” said CA director general Wang’ombe Kariuki in a Kenya Gazette notice dated March 4 published on Friday. ....

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Papillon Holdings Plc (LSE:PPHP) | RNS | Papillon Holdings

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 ....

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