Goldplat Shares Fall As It Exits Gold Explorer Acquisition Talks

LONDON (Alliance News) - Shares in Africa-focused gold producer Goldplat PLC fell in early trade on Wednesday after the company said talks it was holding regarding the acquisition of a gold exploration company had ended.

Goldplat had said in its interim results announcement in March that it was eyeing the potential acquisition of a gold exploration company that would bring in experienced management to try and make its Kilamapesa mine economical.

Those talks have now ended, Goldplat confirmed on Wednesday.

Shares in Goldplat were down 10% to 2.25 pence in early trade, one of the worst performers in the AIM All-Share.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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