Chaarat Gold Hlgs Ld - Confirmed Final Proceeds and Closing of Placing
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Not for release, publication or distribution to
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in
("Chaarat" or the "Company")
Confirmed final proceeds of
Closing of the Placing
Chaarat (AIM: CGH), the AIM-quoted gold mining company with assets in the
(a) the subscription for 2,600,000 New Ordinary Shares by one of the leading global institutional investors;
(b) the subscription for 893,666 New Ordinary Shares by existing and new investors; and
(c) the subscription for 3,433,897 New Ordinary Shares, as previously announced on
The issue of the New Ordinary Shares is in addition to the commitment to subscribe for
As previously announced, application will be made to
Following the subscriptions for New Ordinary Shares announced today, the Company has decided to close the Placing immediately.
"We are delighted to welcome these new investors to the Company, and are particularly pleased to see the interest from one of the leading global institutional investors. Its support is a clear expression of confidence in Chaarat's management and growth strategy.
Sound and diversified funding, combined with a focus on assets and resource growth, is central to that strategy. We will continue to efficiently fund the business on accretive terms, whilst maintaining our commitment to minimize shareholder dilution."
Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the 'Proposed Capital Raising and Notice of
Participation in the Capital Raising is for invited subscribers only and members of the public are not eligible to take part in the Capital Raising. The details of the Capital Raising in this announcement are for information purposes only and do not constitute an offer to sell or issue, or the solicitation of an offer to buy or subscribe for Placing Shares or Convertible Bonds. No public offer of securities of the Company is being made in the
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Chaarat is a gold mining company which owns the Kapan operating mine in
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.
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "envisages", "estimates", "anticipates", "projects", "expects", "intends", "may", "will", "could", "seeks" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy plans, objectives, goals, future events or intentions. These forward-looking statements include statements regarding the Company's and the Directors' current intentions, beliefs or expectations concerning, amongst other things, investment strategy, financing strategy, performance, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company will operate.
By their nature, forward-looking statements involve risks (including unknown risks) and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not an assurance of future performance. The Company's actual performance, results of operations, financial condition, liquidity and dividend policy and the development of the business sector in which the Company will operate, may differ materially from those suggested by the forward-looking statements contained in this announcement. In addition, even if the Company's performance, results of operations, financial condition, liquidity and dividend policy and the development of the industry in which the Company will operate, are consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods.
Any forward-looking statements in this announcement reflect the Company's and the Directors' current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the matters referred to above. Other than in accordance with the Company's obligations under the AIM Rules for Companies, the Company does not undertake to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
This information is provided by RNS, the news service of the
Quick facts: Chaarat Gold Holdings Ltd
Market Cap: £194.09 m
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