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Goldplat plc announced on 16 August 2024 that it is involved in an arbitration dispute resolution (ADR) process in Kenya concerning a claim related to the sale of Kilimapesa Gold (Pty) Limited by Gold Minerals Resources Limited (a subsidiary of Goldplat Plc) to Caracal Gold Plc. Goldplat plc has agreed to settle USD320,000 and is awaiting the signing of the ADR Agreement, which will lead to the settlement of an appeal filed by Kilimapesa.
| Date | 16 Aug 2024 |
| Time | 16:20:00 |
| Category | Miscellaneous |
| ID | 8169A |
Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
16 August 2024
Goldplat plc
('Goldplat', the 'Group' or 'the Company')
Kenya Tax Liability
Goldplat plc, (AIM: GDP) the AIM listed Mining Services Group, with international gold recovery operations located in South Africa and Ghana, servicing the African and South American Mining Industry, announces that it is involved in a process of arbitration dispute resolution ("ADR") in Kenya with respect to a claim that has been brought forward against Kilimapesa Gold (Pty) Limited ("Kilimapesa"), a subsidiary of Caracal Gold Plc ("Caracal Gold"), as agent of Gold Minerals Resources Limited ("subsidiary of Goldplat Plc"), regarding the sale of Kilimapesa by Gold Minerals Resources Limited to Caracal Gold.
Per the ADR, the Company has agreed to settle USD320,000 and is waiting for the ADR Agreement to be signed which will lead to the settlement of an appeal that has been filed by Kilimapesa.
For further information visit www.goldplat.com, follow on twitter @GoldplatGDP or contact:
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Werner Klingenberg
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Goldplat plc (CEO)
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Tel: +27 (0) 82 051 1071 |
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Colin Aaronson / Samantha Harrison / Ciara Donnelly
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Grant Thornton UK LLP (Nominated Adviser) |
Tel: +44 (0) 20 7383 5100
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James Bavister / Andrew de Andrade
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Zeus Capital Limited (Broker)
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Tel: +44 (0) 207 220 1666
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Tim Thompson / Mark Edwards / Fergus Mellon |
Flagstaff Strategic and Investor Communications |
Tel: +44 (0) 207 129 1474 |