13 September 2018
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Appointment to the Board
Chaarat (AIM: CGH), the AIM-quoted exploration and development company with assets in the Kyrgyz Republic, is pleased to announce the appointment, effective today, of Mr Robert Edwards to the Board as an independent non-executive director.
A mining engineer with a degree from the Camborne School of Mines, Mr. Edwards is the former chairman of Global Mining at Renaissance Capital and has also worked for HSBC and the Royal Bank of Canada. He has worked in the global natural resources industry for 27 years, primarily in frontier and emerging markets, advising the managements of numerous companies on a range of industrial issues. As well as bringing deep sector knowledge, he has played a central role on multiple IPOs, capital raisings and M&A transactions.
Mr. Edwards is currently an independent non-executive director and member of the audit and corporate governance and remuneration committees of MMC Nornickel, and an adviser to several private natural resource companies.
Martin Andersson, Executive Chairman of Chaarat, said: "Rob brings a deep knowledge of the global mining sector, with a particular emphasis on frontier markets. His broad institutional and corporate experience combined with his industry insights give him a unique capacity to advise on the successful operation of a growing mining business."
"That background complements Chaarat's rapid expansion in the Commonwealth of Independent States, and I look forward to his contribution as we grow our asset base and production capacity across the region."
Ends
Enquiries
Chaarat Gold Holdings Limited
Martin Andersson (Chairman) |
+44 (0)20 7499 2612 |
Artem Volynets (CEO) |
info@Chaarat.com |
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Numis Securities Limited |
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John Prior, Paul Gillam (NOMAD) |
+44 (0) 20 7260 1000 |
James Black (Corporate Broking) |
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BMO Capital Markets Limited |
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Jeffrey Couch, Thomas Rider (Joint Broker) |
+44 (0) 20 7236 1010 |
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Powerscourt |
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Conal Walsh |
+44 (0)20 7250 1446 |
Matthew Attwood |
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Isabelle Saber |
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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
Further information relating to the Director appointment
Mr Robert Edwards (aged 52) 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:
Highcross Resources Limited
MMC Nornickel
Scriptfert New Zealand
GB Minerals Limited
Previous directorships held in the last 5 years:
Sierra Rutile Limited
Shareholding in the Company:
None