Chaarat Gold PLC (LON:CGH) has improved the terms for the US$40mln loan that will pay for the Kapan mine in Armenia.
The junior now has twelve to get permits for water usage and validation for the Geghanush tailings facility, a much longer time period than previously stipulated.
READ: Chaarat Gold shares suspended as it completes US$55mln Kapan acquisition
Chaarat shares were suspended ahead of the US$55mln Kapan acquisition and are now due to resume trading on AIM on 4 February.
Chaarat said the acquisition has been completed after PMTL Holding Ltd confirmed receipt of the required payment and released the share pledge granted to it.
In 2017, Kapan produced a gold equivalent 50,000 oz, underlying profits of more than US$20mln and had gross assets of US$96mln.
Production in 2019 is expected to amount to 65,000 ounces of gold equivalent.