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Chaarat issues new shares in lieu of fees, and following the exercise of warrants

Chaarat plans to expand its portfolio of gold projects in Central Asia

Chaarat Gold Holdings Ltd -

Chaarat Gold Holdings Ltd (LON:CGH) has issued just over 1.3mln  new ordinary shares of US$0.01 each in settlement of loan agreement fees and following the exercise of warrants.  

The loan agreement was with Labro, a company in which Martin Andersson, the executive chairman of Chaarat, is directly beneficially interested.

Following the issue Labro  holds 165 mln shares in Chaarat, representing 35.15% of the company.

On 17 January 2020 the board - excluding Martin Andersson - exercised its discretion to waive the requirement for a mandatory offer for the company by Labro, to allow Labro to receive its 516,525 new ordinary shares.

 

Quick facts: Chaarat Gold Holdings Ltd

Price: 37.6 GBX

AIM:CGH
Market: AIM
Market Cap: £176.78 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...

on 14/11/19

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