Chaarat Gold Holdings Ltd Issue of Share Options (3474B)

TIDMCGH

RNS Number : 3474B

Chaarat Gold Holdings Ltd

04 March 2014

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Issue of Share Options

Road Town, Tortola, British Virgin Islands ( 4(th) March 2014)

 
  Chaarat (AIM - CGH), the AIM quoted exploration 
    and development company with assets in the Kyrgyz 
    Republic, announces the award of share options 
    to two non-executive directors. The award of 200,000 
    options to Mac DeGuire and 200,000 options to Richard 
    Rae has been made in accordance with the Company's 
    share option scheme and following approval by the 
    Board on 3(rd) March 2014. 
 
    The date of grant is deemed to be 1 January 2014. 
    Under the terms of the scheme, the exercise price 
    of the options is calculated at the date of grant 
    using the 15 trading day volume weighted average 
    share price prior to grant. At the date of grant 
    the exercise price was calculated as 10p. The Board 
    has decided that the exercise price should be set 
    at 25p. Accordingly all of the options are exercisable 
    between 1 and 8 years from the date of grant at 
    a price of 25p. 
 
    Enquiries: 
     Chaarat Gold Holdings Limited         + 44 23 800 11747/+ 44 20 7499 2612 
     c/o Central Asia Services Limited     info@chaarat.com 
     Dekel Golan CEO 
     Linda Naylor FD 
     Numis Securities Limited              +44 (0) 20 7260 1000 
     John Prior, Stuart Skinner (NOMAD) 
     James Black (Broker) 
 
    Further information is available at www.chaarat.com 
 
    NOTES TO EDITORS: 
    About Chaarat Gold 
   Chaarat Gold is an exploration and development 
    company operating in the Kyrgyz Republic with a 
    large, high grade resource which is capable of 
    generating low cost gold production - the Chaarat 
    Gold Project. 
 
    The Company's key objective is to become a low 
    cost gold producer targeting annual production 
    of 200,000 ounces from the development of the Chaarat 
    Gold Project. Chaarat is fully funded to complete 
    a Definitive Feasibility Study (DFS) and continue 
    its active community engagement programme to optimise 
    the value of the Chaarat investment proposition. 
 
 
    Chaarat has several other promising prospects also 
    located within the Kyrgyz Republic.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEQKNDBDBKDNNK

Chaarat Gold (LSE:CGH)
Historical Stock Chart
From Jun 2024 to Jul 2024