Chaarat Gold Holdings Ltd Directorate Change (9099A)
December 30 2014 - 5:22AM
UK Regulatory
TIDMCGH
RNS Number : 9099A
Chaarat Gold Holdings Ltd
30 December 2014
Chaarat Gold Holdings Limited
("Chaarat" or "the Company")
Directorate change
Road Town, Tortola, British Virgin Islands (30 December
2014).
Chaarat (AIM:CGH) the exploration and development company with
assets in the Kyrgyz Republic, announces that Mac DeGuire has
resigned from the Board with effect from 31 December 2014.
Mac, who was appointed to the Board as a non-executive director
in May 2013, had subsequently taken responsibility for managing the
team of consultants appointed in March 2014 to prepare the
Definitive Feasibility Study ("DFS"). However, in September 2014
NERIN/NFC were appointed as the contractors to complete the DFS and
the contracts with the previous team were discontinued. Mac has
recently completed his contribution in respect of the assessment of
the metallurgical options to process the Chaarat ore, the results
of which will be included in the DFS. Hence he decided that the
time was right to pursue other consultancy opportunities and has
decided to resign from the Board of Chaarat.
Christopher Palmer-Tomkinson, Chairman stated: "My fellow
directors and I thank Mac for his contribution to the DFS and join
me in wishing him well for the future."
Enquiries:
Chaarat Gold Holdings
Limited + 44 23 800 11747
c/o Central Asia Services info@chaarat.com
Limited
Dekel Golan CEO
Linda Naylor FD
Numis Securities Limited +44 (0) 20 7260 1000
John Prior, Paul Gillam
(NOMAD)
James Black (Broker)
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 - the
Chaarat Gold Project. The Company's key objective is to become a
low cost gold producer generating significant production from the
development of the Chaarat Gold Project. Chaarat is preparing a
Definitive Feasibility Study and continuing its active community
engagement programme to optimise the value of the Chaarat
investment proposition.
Chaarat aims to create value for its shareholders, employees and
communities from its high quality gold and mineral deposits in the
Kyrgyz Republic by building relationships based on trust and
operating to the best environmental, social and employment
standards.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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