Chaarat Gold Holdings Limited (LON:CGH) has now received anti-monopoly clearance for the Kapan acquisition.
Clearance has been received from the State Commission for the Protection of Economic Competition of the Republic of Armenia.
READ Chaarat Gold resumes trade on AIM as it secures “improved terms” for Kapan acquisition
Chaarat said the transaction is progressing as planned, with funding for the acquisition on track for closing; however, due to the upcoming public holidays in Armenia and Russia, a potential extension of the anticipated Kapan acquisition closing date from 15 January 2019 to 31 January 2019 is currently under discussion with Kapan's vendor, PTML Holding, a subsidiary of Polymetal International PLC, and Chaarat's funding banks.