Director's dealings

RNS Number : 3540T

Chaarat Gold Holdings Ltd

03 October 2014

 



Chaarat Gold Holdings Limited

("Chaarat" or "the Company")

Director's dealings

Road Town, Tortola, British Virgin Islands (3^rd October 2014).

Chaarat (AIM:CGH) was notified on 2^nd October, that on 1^st October, Mada Limited, on behalf of Dekel Golan, sold 545,064 ordinary shares of US$0.01 each ("Shares") in the Company at a price of 16p per share. Following this transaction, Dekel Golan has a beneficial interest in 14,075,691 Shares representing approximately 5.62% of Chaarat's issued share capital.

Dekel Golan, CEO of Chaarat, comments: "I am fully aware shareholders may be concerned that as CEO of Chaarat I am selling some shares after building my stake for the last 12 years.  However, I am forced for personal reasons and with great regret to sell a small parcel of shares, which represent less than 0.25% of Chaarat's issued capital.  I remain the largest private investor in Chaarat.  The timing of this sale relates to the fact that this is the first opportunity I have had to trade since the end of the latest close period following the publication of the interim results."

Chaarat's directors now hold 13.48% of the Company's issued share capital.

Enquiries:  

Chaarat Gold Holdings Limited	+ 44 23 800 11747
c/o Central Asia Services Limited	[e-mail]
Dekel Golan   CEO
Linda Naylor  FD
Numis Securities Limited	[phone]
John Prior, Paul Gillam (NOMAD) James Black (Broker)

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 low cost gold producer generating significant production from the development of the Chaarat Gold Project. Chaarat is preparing a Definitive Feasibility Study (DFS) and continuing its 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.

 

END

 

 

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