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

Market: AIM
Market Cap: £159.85 m

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