Director/PDMR Shareholding

RNS Number : 6653I

Chaarat Gold Holdings Ltd

04 July 2013

 



Chaarat Gold Holdings Limited

("Chaarat" or "the Company")

Director's dealings

Road Town, Tortola, British Virgin Islands (5^th July 2013).

Chaarat (AIM-CGH), the gold exploration and development company operating in the Kyrgyz Republic, was notified on 4 July 2013 that, on that day, Christopher Palmer-Tomkinson, the Company's Non-Executive Chairman gifted, at nil cost, 2,500,000 ordinary shares of US$0.01 each in the Company ("Shares") to a family trust of which he is a trustee only. As a result of the gift, Mr Palmer-Tomkinson has a beneficial interest in 3,600,000 Shares representing approximately 1.4% of the Company's issued share capital and a legal but non-beneficial interest in 2,500,000 Shares representing approximately 1.0% of the Company's issued share capital.

Enquiries:  

Chaarat Gold Holdings Limited	[phone]
c/o Central Asia Services Limited
Dekel Golan   CEO	[e-mail]
Linda Naylor  FD	[e-mail]
Numis Securities Limited	[phone]
John Prior, Stuart Skinner (NOMAD)
James Black (Broker)

Note to Editors:

About Chaarat Gold

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic. Situated in the highly prospective Tien Shan gold belt, a JORC compliant resource of 5.76Moz at a grade of 4.03g/t has been delineated at the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer targeting annual production of 200,000 ounces from the development of the Chaarat Gold Project.

 Chaarat has several other promising prospects also located within the Kyrgyz Republic. An exploration programme is underway at the Company's Chontash project, located in the Akshirak range of mountains.  A mining licence has been obtained for the Mironovskoye asset.

Further information is available at www.chaarat.com 

 

END

 

 

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