Chaarat Gold Holdings Ltd (AIM:CGH) shares resumed trading after talks about the potential acquisition of Lydian Armenia were discontinued as no structure could be agreed within the maximum 6-month suspension period.
As a result, Chaarat confirmed that it is no longer pursuing an acquisition of the target.
"Chaarat will continue to seek and evaluate opportunities to diversify its asset portfolio and grow inorganically, as well as pursuing organic growth through its existing assets," it added.