Issue of Equity

RNS Number : 5215G

Chaarat Gold Holdings Ltd

27 July 2021

 

27 July 2021

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Issue of Equity

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, announces that, further to the investment agreement announced on 21 June 2021, it has now issued the 2,800,000 new ordinary shares of US$0.01 each in the Company to  Çiftay İnşaat Taahhüt ve Ticaret A.Ş. (the "Çiftay Shares") .

Application has been made for the Çiftay Shares to be admitted to trading on AIM, and it is expected that admission will become effective and trading in the Çiftay Shares will commence on or around 8:00am (London time) on 30 July 2021.

Following the admission of the Çiftay Shares, the Company's enlarged issued share capital will comprise 689,412,153 ordinary shares of US$0.01 each. This figure may be used by shareholders of the Company as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules Sourcebook.

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Enquiries
Chaarat Gold Holdings Limited	[phone]
Artem Volynets (CEO)	[e-mail]
Canaccord Genuity Limited (NOMAD and Joint Broker)	+ 44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
finnCap Limited (Joint Broker)	[phone]
Christopher Raggett
Panmure Gordon (UK) Limited (Joint Broker)	[phone]
John Prior Hugh Rich

About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic . The Company has a clear strategy to build a leading emerging markets gold company with an initial focus on the former Soviet Union through organic growth and selective M&A.

Chaarat is engaged in active community engagement programmes 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 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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