Business
First day of Dealings on AIM
First day of Dealings on AIM.
About this update from Goldplat Plc
[{"type":"text","content":"\n Goldplat plc\n26 July 2006\n\n\n\n Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration\n\n26 July 2006\n\n Goldplat plc ('Goldplat' or 'the Group') Admission to AIM\n\n\nOverview\n\n • Goldplat is an established producer of gold and platinum group metals\n ('PGM') recovered from by-products, such as woodchips, fine carbon and\n grease, of the mining process\n • Listed on AIM today having raised £1.5 million\n • Existing operation in South Africa with supply relationships with wide\n range of mining companies including Anglogold Ashanti, Goldfields, Harmony,\n Placer Dome, Impala Platinum, Lonmin and Anglo Platinum\n • Mining operations in South Africa are obliged to dispose of mining by\n products in an environmentally friendly manner - Goldplat's ongoing\n availability of raw materials is therefore not dependent on particular mines\n with finite resources\n • Plans on course to establish a complementary recovery facility in Ghana\n • Management team with many years' experience in the recovery of gold and\n PGMs as well as gold production from mines\n • Defined strategy to become a leading junior gold mining business\n supported by revenue generated from the gold and PGM recovery operations\n\n\nGoldplat CEO Demetri Manolis: 'Our intention is to create a successful junior\nmining house focussed on gold production assisted by revenue secured from the\nGroup's recovery business, which extracts gold and platinum group metals from\nby-products of the mining process. Our main operation is in South Africa, which\nhas established relationships with the major mining houses, who all have a need\nas well as an environmental obligation to dispose of their by-products. It is\nthe intention to expand our operations into Ghana where we will service the\nexpanding West Africa gold industry. We intend to utilise the cash flow\ngenerated from these operations as well as our experience and networks within\nthe industry to identify gold deposits of 200,000-2,000,000 ounces of contained\ngold in order to fulfil our strategy and build value for our shareholders.'\n\nGoldplat plc has raised £1.5 million through a placing of 20,000,000 New\nOrdinary shares at 7.5p per share giving the Group a market capitalisation of\ncirca £7.8 million and has listed on AIM today - 26 July 2006. The funds raised\nwill be use...