Chaarat Gold Holdings Ltd Board and senior management changes (5200K)
July 10 2017 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 5200K
Chaarat Gold Holdings Ltd
10 July 2017
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Board and senior management changes
Road Town, Tortola, British Virgin Islands (10(th) July
2017)
Chaarat (AIM : CGH), the AIM quoted exploration and development
company with assets in the Kyrgyz Republic, is pleased to announce
changes to the management team and Board.
Highlights
-- Robert Benbow appointed Chief Executive Officer
-- Dekel Golan appointed Deputy Chairman of the Board
-- Alexander Novak to retire as a Director
-- Davron Vakhabov to be appointed General Director of Chaarat Zaav
-- New Business Development Committee to begin work
Robert Benbow, Chaarat's COO will assume the position of CEO
with immediate effect. Robert will continue to implement the move
to production for the Tulkubash Heap Leach Project. Prior to
joining Chaarat, he served as Vice President and Country Manager of
Alacer Gold Corp.'s Çöpler Gold Mine in Turkey. He has more than 30
years' experience in bringing junior exploration companies to
production and operations. Robert will not be joining the Chaarat
Board.
Dekel Golan will assume responsibility as Deputy Chairman of the
Board focussing on business development. He will work closely with
Chaarat's Chairman on the evaluation of new opportunities for
Chaarat as Chairman of the newly constituted Business Development
Committee.
Alexander Novak will remain Chairman of the local company
Chaarat Zaav while retiring from the Chaarat Board. He will be an
adviser to the Board on government relations in the Kyrgyz
Republic.
Davron Vakhabov will assume day to day responsibility for in
country matters both in Bishkek and at site as General Director of
Chaarat Zaav. Davron has over 10 years' senior managerial
experience of gold mine projects including Lydian International's
Amulsar Gold Project in Armenia and the Çöpler Mine.
Martin Andersson, Chairman comments: "I am greatly looking
forward to working with Dekel, Bob, Alex and Davron in their new
roles. Dekel and Alex founded Chaarat and have devoted the last 15
years to developing the company. They have worked with me in recent
months to identify their succession at this appropriate time. I am
pleased that they will continue to provide the Board, and the newly
constituted management team, with the benefit of their advice,
contacts and experience."
Enquiries:
Chaarat Gold Holdings
Limited + 44 (0) 20 7499 2612
c/o Central Asia Services info@chaarat.com
Limited
Martin Andersson (Chairman)
Linda Naylor (Company
Secretary)
Numis Securities Limited
John Prior, Paul Gillam
(NOMAD)
James Black (Broker) +44 (0) 20 7260 1000
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 engaged in an
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.
Further information is available at www.chaarat.com
This information is provided by RNS
The company news service from the London Stock Exchange
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