Chaarat Gold Holdings Ltd Further US$1 million fundraise (7747I)
November 28 2018 - 5:59AM
UK Regulatory
TIDMCGH
RNS Number : 7747I
Chaarat Gold Holdings Ltd
28 November 2018
28 November 2018
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Further US$1 million fundraise
Chaarat (AIM:CGH), the AIM-quoted exploration and development
company with assets in the Kyrgyz Republic, is pleased to announce
that it has entered into agreements with two investors for the
subscription and issue of secured convertible notes 2021 for
US$600,000 and US$400,000 respectively. These notes have been
issued on the same terms as the 2021 Notes issued on 11 September
2018 as first announced on 28 August 2018.
The US$1 million proceeds will be applied to Chaarat's goal of
building a leading emerging markets gold company with an initial
focus on Central Asia and the FSU, and to support the Kapan
acquisition announced on 30 October 2018.
Enquiries
Chaarat Gold Holdings Limited
Martin Andersson (Chairman) +44 (0)20 7499 2612
Artem Volynets (CEO) info@chaarat.com
Numis Securities Limited
John Prior, Paul Gillam (NOMAD) +44 (0) 20 7260 1000
James Black (Corporate Broking)
Powerscourt
Conal Walsh +44 (0)20 7250 1446
Isabelle Saber chaarat@powerscourt-group.com
Sam Austrums
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.
On 30 October 2018, Chaarat announced that it had entered into a
binding sale and purchase agreement to acquire the Kapan mine in
Armenia from Polymetal, for a consideration of US$55 million,
subject to adjustments.
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
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END
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