Chaarat Gold Holdings Ltd (LON:CGH) said it is extending the closing date of its private placing as results of a feasibility study on its Tulkubash project are expected imminently.
The AIM-listed Kyrgyz-focused exploration company said the results of the study, expected later this month, would provide a comprehensive update on the project including capital and operating costs.
READ: Chaarat Gold updates on US$20mln funding process
Chaarat added that it may increase the amount initially sought in the fundraising to above its initial target of US$20mln following the results.
The group said it had already received US$15mln in settled funds or funding commitments since the fundraising began on 18 December 2017.
Chaarat shares were unchanged at 19.8p in lunchtime trading Tuesday.