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Goldplat Recovery South Africa

Article source: http://www.goldplat.com/news/goldplat-recovery-south-africa-100-bee-transaction-update

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More modern shareholding structure welcome, but mandate and terms will remain the same...
Goldplat plc, the AIM listed gold producer in Africa, is pleased to announce that its South African gold recovery subsidiary, Goldplat Recovery (Pty) Limited ('GPL') has signed a binding Memorandum of Agreement ('MoA') with its Black Economic Empowerment ('BEE') partner Amabubesi Property Holdings (Pty) Ltd ('Amabubesi') to increase Amabubesi's interest in GPL from 15% to 26% as required by the South African BEE legislation to be in place before 1 May 2014.


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