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RNS Number : 9487I

Chaarat Gold Holdings Ltd

14 August 2019

14 August 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

US$10m Loan Update

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, provides an update on the US$10,000,000 loan agreement (the "Loan") announced to the market on 15 November 2018, which matured on 13 August 2019.

The Company is in advanced discussions with the lender to extend the Loan into 2020 and to increase the principal amount of the Loan. It is envisaged that the terms of the Loan will remain materially the same with the exception of an extension to the maturity date and the increase in principal of the Loan.

A further announcement will be made when appropriate.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014

Enquiries

 
 Chaarat Gold Holdings Limited 
  Martin Andersson (Executive 
  Chairman)                           +44 (0)20 7499 2612 
 Artem Volynets (CEO)               info@chaarat.com 
 Numis Securities Limited 
 John Prior, Paul Gillam (NOMAD)    +44 (0) 20 7260 1000 
 James Black (Corporate Broking) 
 Tavistock 
 Charles Vivian                     +44 (0)20 7920 3150 
 Gareth Tredway                     chaarat@tavistock.co.uk 
  Annabel de Morgan

About Chaarat Gold

Chaarat Gold is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company with an initial focus on Central Asia and the FSU through organic growth and selective M&A.

Chaarat is engaged in active community engagement programmes to optimise the value of the Chaarat investment proposition.

Chaarat aims to create value for its shareholders, employees and communities from its high-quality gold and mineral deposits by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at www.chaarat.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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August 14, 2019 02:01 ET (06:01 GMT)

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