We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chaarat Gold Holdings Ltd | LSE:CGH | London | Ordinary Share | VGG203461055 | ORD USD0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.80 | 2.70 | 2.90 | 2.80 | 2.80 | 2.80 | 10,394 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 92.35M | -8.58M | -0.0124 | -2.26 | 19.31M |
TIDMCGH
RNS Number : 0289P
Chaarat Gold Holdings Ltd
06 October 2023
6 October 2023
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Kapan Sale Completion
Chaarat Gold (AIM: CGH), the AIM-quoted exploration and development company with assets at various stages of development in the Kyrgyz Republic, is pleased to confirm that its subsidiary, Chaarat Gold International Limited (the "Seller"), has completed the sale of its 100% owned Armenian subsidiary, Chaarat Kapan CJSC ("Kapan") , which owns the Kapan mining operation in Armenia to G old M ining C ompany LLC (the "Buyer") .
Of the total consideration of US$55.4 million, US$0.5 million was previously paid in cash as a deposit and US$4.5 million was settled in cash upon completion. As previously announced, the balance of US$50.4 million was settled upon completion by way of the Buyer taking an assignment of an intra-group payable due from the Seller to Kapan.
Pro-forma Group net debt is now approximately US$33.0 million, having been reduced by US$13.8 million in respect of Kapan's liabilities and receiving the US$4.5 million cash upon completion .
Martin Andersson, Executive Chair of Chaarat, said:
"The sale allows Chaarat to focus on growth options through advancing its Tulkubash and Kyzyltash development projects in the Kyrgyz Republic as well as pursuing inorganic growth opportunities."
Enquiries +44 (0)20 7499 Chaarat Gold Holdings Limited 2612 Martin Andersson (Executive Chair) IR@chaarat.com Canaccord Genuity Limited (NOMAD and + 44 (0)20 7523 Joint Broker) 8000 Henry Fitzgerald-O'Connor James Asensio Cavendish Capital Markets Limited (Joint +44 (0)20 7220 Broker) 0500 Neil McDonald Panmure Gordon (UK) Limited (Joint + 44 (0)20 7886 Broker) 2500 John Prior Hugh Rich
About Chaarat
Chaarat is an exploration and development company which owns the Tulkubash and Kyzyltash gold projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company through organic growth and selective M&A.
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 .
ENDS
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DISNKABDQBDDDKK
(END) Dow Jones Newswires
October 06, 2023 10:14 ET (14:14 GMT)
1 Year Chaarat Gold Chart |
1 Month Chaarat Gold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions