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Charaat Gold gets cash boost to develop its Kyrgyz Republic projects

Artem Volynets, chief executive of Chaarat Gold Holdings Limited (LON:CGH), discusses with Proactive London's Andrew Scott their recent joint venture with Turkish mining specialist Ciftay.

The deal will see Chaarat receive a cash boost of US$31.5mln to develop the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.

Ciftay will pay the cash in increments and become the mining and construction contractor at Tulkubash with a 12.5% stake in both that project and Kyzyltash.

Quick facts: Chaarat Gold Holdings Ltd

Price: 34.2 GBX

AIM:CGH
Market: AIM
Market Cap: £155.86 m
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Chaarat Gold strengthens institutional investor base with US$5.8mln raise

Chaarat Gold Holdings Limited’s (LON:CGH) chief executive Artem Volynets caught up with Proactive London's Andrew Scott to discuss this morning's equity raise which was completed at a premium to the current share price. The miner raised US$5.8mln to primarily strengthen its institutional...

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