Appointment to the Board

RNS Number : 9715I

Chaarat Gold Holdings Ltd

26 March 2018

 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Appointment to the Board
 

Road Town, Tortola, British Virgin Islands (26th March 2018)

Chaarat (AIM: CGH), the AIM quoted company developing the Chaarat Gold Deposit in the Kyrgyz Republic, announces the appointment with immediate effect of Artem Volynets as a non-executive director to the Board of Chaarat.

Artem Volynets has more than 20 years' experience in mergers and acquisitions, capital markets, and senior corporate management roles. He led private and public transactions worth more than US$30bn and managed leading businesses in the metals and mining industry. He founded ACG Amur Capital Group Ltd in 2014, as an advisory and investment management firm.

From 2003 to 2013 Artem was a key executive in the Russian aluminium and energy industries, including CEO of En+ Group, Deputy CEO and Director for Corporate Strategy at UC RUSAL, and SVP Strategy at SUAL International.  Artem worked on the key transactions in the sector over this period, including the three-way US$20bn+ merger of Rusal, SUAL and the aluminium assets of Glencore to create UC Rusal; the acquisition of a 25% stake in Norilsk Nickel (US$10bn+) and the IPO of UC RUSAL on the Hong Kong Stock Exchange (US$2bn). From 2009 to 2010 he served as Chairman of the International Aluminium Institute.

From 1997 to 2003, Artem was a management consultant and corporate finance advisor with Monitor Group in London.  Artem studied at Georgetown University, INSEAD, the American University in Washington, DC and the Moscow State University.

Martin Andersson, Chairman, comments: "Artem's M&A, capital markets and top executive experience in the mining sector, combined with his global industry and investor connections in Russia and Asia will be invaluable as we progress with the Chaarat Project and plan our further growth. He shares my confidence in Chaarat's future by expressing his intent to invest to become a shareholder. I am delighted to welcome him to our Board, which now reflects considerable industry and financial experience.  With the strong track-record and experience of our management team and Board, we are well placed to achieve our goal of becoming a mid-tier gold producer."

Enquiries: 

Chaarat Gold Holdings Limited                                          + 44 (0) 20 7499 2612

Martin Andersson - Chairman                                             [e-mail]

Linda Naylor - FD/Company Secretary

Numis Securities Limited                                                     [phone]

John Prior, Paul Gillam (NOMAD)

James Black (Corporate Broking)

BMO Capital Markets Limited                                                [phone]
Jeffrey Couch, Neil Haycock,
Thomas Rider (Joint Broker)

Blytheweigh (Financial PR)                                                     [phone]
Tim Blythe
Camilla Horsfall

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 long term, low-cost gold producer.

Chaarat aims to create value for its shareholders, employees and communities 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

Further information relating to the Director appointment

Artem Volynets (aged 50) has confirmed that other than the information disclosed below there are no matters to be disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM  Rules.

Current directorships:

  ACG Amur Capital Group           

Previous directorships held in the last 5 years:

United Company Rusal Plc

En+ Group Plc

Shareholding in the Company:

  None

 

END

 

 

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