viewChaarat Gold Holdings Ltd

Chaarat Gold Hlgs Ld - Fundraise Update: increased capital raise

RNS Number : 8057A
Chaarat Gold Holdings Ltd
31 May 2019

31 May 2019


Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Fundraise Update: increased capital raise

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, announces an update with regard to its secured convertible notes 2021 ("Convertible Bonds").

As announced on 1 April 2019, the company entered into an agreement with a new investor for the subscription and issue of Convertible Bonds for USD 10 million. The investor has now increased their subscription to USD 15 million.

The date at which Chaarat expects to receive the subscription proceeds from the investor for the Convertible Bonds has been delayed beyond 31 May 2019. Receipt of the proceeds is now expected to take place by the end of June.


Chaarat Gold Holdings Limited
Artem Volynets (CEO)

+44 (0)20 7499 2612



[email protected]


Numis Securities Limited



John Prior, Paul Gillam (NOMAD)

+44 (0) 20 7260 1000


James Black (Corporate Broking)









Conal Walsh

+44 (0)20 7250 1446


Sam Austrums

[email protected]


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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

Quick facts: Chaarat Gold Holdings Ltd

Price: 38.1

Market: AIM
Market Cap: £207.2 m

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Chaarat Gold reports 'steady and stable' production at Kapan mine in Armenia

Chaarat Gold Holdings Ltd's (LON:CCG) Artem Volynets updates Proactive London's Andrew Scott on first quarter production and developments at the company. Production at the Kapan mine in Armenia came in at 12,992 gold equivalent ounces in the first quarter. That marks a 12% improvement...

on 21/5/20