Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
11 September 2017
Goldplat plc ('Goldplat' or 'the Company')
Rand Refinery Dispute Update
Further to its announcement of 4 April 2017, Goldplat wishes to announce that it has issued an application out of the High Court of South Africa, Gauteng Local Division, Johannesburg, for the recovery of the fees due, owing and payable by Rand Refinery (Pty) Limited to Goldplat Recovery (Pty) Limited.
Gerard Kisbey-Green, CEO of Goldplat commented: "We are disappointed that we have been unsuccessful in our efforts to resolve this dispute without reverting to legal action, but we remain confident of full recovery of the amounts owed to Goldplat Recovery (Pty) Limited. The Company will keep shareholders informed of progress."
"Notwithstanding this action, the Company reiterates its announcement of 27 July 2017 where we highlighted that Goldplat has traded above market expectations for the year ended 30 June 2017, and accordingly it remains "business as usual" despite this dispute. The Company will be publishing its annual financial results in September 2017."
** ENDS **
For further information visit www.goldplat.com, follow on Twitter @GoldPlatPlc or contact:
|Gerard Kisbey-Green||CEO Goldplat plc||Tel: +27 (71) 8915775|
|Colin Aaronson / Daniel Bush||Grant Thornton UK LLP (Nominated Adviser)||Tel: +44 (0) 20 7383 5100|
|Andrew Raca / Justin McKeegan||VSA Capital Limited (Broker)||Tel: +44 (0) 20 3005 5000|
|Charlotte Page / Susie Geliher||
St Brides Partners Ltd
|Tel: +44 (0) 20 7236 1177|
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.