Director/PDMR Shareholding
November 30 2010 - 2:00AM
UK Regulatory
TIDMCGH
Chaarat Gold Holdings Limited
("Chaarat" or "the Company")
Directors' Dealings
Road Town, Tortola, British Virgin Islands (30 November 2010).
Chaarat (AIM:CGH) has been notified that, on 29 November 2010 Linda Naylor, the
Company's Finance Director, purchased 100,000 ordinary shares of US$0.01 each
("Share(s)") in the Company at a price of 52.50 pence per Share (the market
price at close of business on 29 November 2010) from Dekel Golan, the Chief
Executive Officer of Chaarat. Following this transaction, Linda Naylor has a
beneficial interest in 428,000 Shares representing approximately 0.3% of
Chaarat's issued share capital and Dekel Golan has a beneficial interest in
14,620,755 Shares representing approximately 9.9% of Chaarat's issued share
capital.
Note to Editors:
About Chaarat Gold
Chaarat Gold is an exploration and development company operating in the Kyrgyz
Republic. The Company's main activity is the development of the Kiziltash and
Tulkubash projects situated within the Middle Tien Shan Mountains of Kyrgyzstan
which form part of the Tien Shan gold belt. The Company has thus far delineated
a JORC compliant mineral resource of 4.009 Moz at a grade of 4.14 g/t gold
across both deposits. The Company is currently in the process of compiling a
Pre-Feasibility study on the Kiziltash project and a Definitive Feasibility
Study on the Tulkubash project. Chaarat's objective is to become a low cost
gold producer targeting production of over 200,000 ounces per annum by early
2014 from the Kiziltash project with first production from the smaller Tulkubash
project in early 2012.
www.chaarat.com
Disclaimer
This press release includes forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other important
factors beyond Chaarat's control that would cause the actual results,
performance or achievements of Chaarat to be materially different from future
results, performance or achievements expressed or implied by such forward-
looking statements. Such forward-looking statements are based on numerous
assumptions regarding Chaarat's present and future business strategies and the
environment in which Chaarat will operate in the future. Any forward-looking
statements speak only as at the date of this document. Chaarat expressly
disclaims any obligation or undertaking to disseminate any updates or revisions
to any forward-looking statements contained in this document to reflect any
change in Chaarat's expectations with regard to these or any change in events,
conditions or circumstances on which any such statements are based. As a result
of these factors, the events described in the forward-looking statements in this
press release may not occur either partially or at all.
Enquiries
Chaarat Gold Holdings Ltd
c/o Central Asia Services Ltd +44 (0) 20 7499 2612
Dekel Golan dekel@chaarat.com
Linda Naylor linda.naylor@chaarat.com
Westhouse Securities Limited +44 (0) 20 7601 6100
Tim Feather tim.feather@westhousesecurities.com
Richard Baty richard.baty@westhousesecurities.com
Smith's Corporate Advisory +44 (0) 20 7239 0140
Dominic Palmer-Tomkinson tomkinson@smiths-ca.com
Conduit PR +44 (0) 20 7429 6603
Jos Simson jos@conduitpr.com
Emily Fenton emily@conduitpr.com
[HUG#1466758]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE
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