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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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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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