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Kilimapesa sale progresses as Kenyan Ministry, competition authority give their nod

11th March 2021

By: Marleny Arnoldi

Online News Editor

     

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The Kenyan Ministry of Petroleum and Mining and the Competition Authority of Kenya have approved a transaction whereby Mayflower Capital Investments intends to acquire the Kilimapesa gold mine, in Kenya.

Aim-listed Goldplat, the seller, says this puts all parties in a good position to now complete the transaction.

The transaction forms part of Mayflower Gold – a subsidiary of Mayflower Capital Investments – undertaking a reverse takeover of investment holdings company Papillon Holdings.

The Kilimapesa project is a joint venture between Aim-listed gold miner Goldplat and Papillon.

The Kilimapesa project holds licences and assets that form the producing Kilimapesa gold mine and processing operations.

 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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