Chaarat Gold Holdings Ltd's (LON:CGH) Artem Volynets talks to Proactive London about he rationale behind their proposed debt-for-equity swap, for a US$22.22mln loan from its largest shareholder Labro Investments.
Chaarat’s debt being reduced to US$46.5mln and it sees Labro hold a 42% equity stake in the company.
Volynets explains why they have now launched a US$25mln funding which will be used for their Tulkubash project in the Kyrgyz Republic.