Investment company Papillon Holdings has signed a binding head of agreement for the reverse takeover of Mayflower Capital Investments, which holds rights over Aim-listed gold producer Goldplat’s Kilimapesa project, in Kenya, and a 70% interest in the Kakamoeka gold project, in Congo-Brazzaville. Goldplat subsidiary Gold Mineral Resources (GMR) in July conditionally agreed to sell Kilimapesa to Mayflower for an initial consideration of $1.5-million in shares.
