US$10m Loan Update

RNS Number : 9487I

Chaarat Gold Holdings Ltd

14 August 2019

 

14 August 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

US$10m Loan Update

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, provides an update on the US$10,000,000 loan agreement (the "Loan") announced to the market on 15 November 2018, which matured on 13 August 2019.

The Company is in advanced discussions with the lender to extend the Loan into 2020 and to increase the principal amount of the Loan. It is envisaged that the terms of the Loan will remain materially the same with the exception of an extension to the maturity date and the increase in principal of the Loan.

A further announcement will be made when appropriate.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014

Enquiries

Chaarat Gold Holdings Limited Martin Andersson (Executive Chairman)	[phone]
Artem Volynets (CEO)	[e-mail]
Numis Securities Limited
John Prior, Paul Gillam (NOMAD)	[phone]
James Black (Corporate Broking)
Tavistock
Charles Vivian	[phone]
Gareth Tredway Annabel de Morgan	[e-mail]

About Chaarat Gold

Chaarat Gold 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 Central Asia and the FSU 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.

 

END

 

 

MSCGGUCCRUPBPGW