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IN BRIEF: Papillon Interim Loss Narrows As It Progresses Acquisitions

23rd Oct 2020 15:08

Papillon Holdings PLC - asset manager headquartered in London - For the first half of 2020, pretax loss narrows to GBP165,000 from GBP198,000 the year before.

Post-period, in mid-October Papillon said it was making progress towards completing transaction with Mayflower Capital Investments Pty Ltd, under which Papillon will acquire two gold assets located in Kenya and Congo Brazzaville. Parties confirm additional funding of around USD500,000 obtained from European-based investors, of which USD165,000 advanced to Goldplat PLC.

Current stock price: 1.33 pence

Year-to-date change: flat

By Dayo Laniyan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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