logo-loader
viewChaarat Gold Holdings Ltd

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: 34 GBX

AIM:CGH
Market: AIM
Market Cap: £159.85 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Chaarat Gold Holdings Ltd named herein, including the promotion by the Company of Chaarat Gold Holdings Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investors turning to gold following US withdrawal from Iran Nuclear Deal

Mining Capital's Alastair Ford discusses the implications on gold and oil following the US withdrawal from the Iran Nuclear deal. Ford also touches on Chaarat Gold Holdings Ltd's (LON:CGH) potential acquisition of the Kumtor mine from Centerra Gold Inc. Plus he also looks ahead to...

on 11/5/18

2 min read