About Chaarat Gold Holdings
Chaarat is an AIM listed gold development company focused on the 7Moz high grade Chaarat Gold Project in the Kyrgyz Republic. Management believe that the Chaarat Project has the potential to sustain 3-400koz of production per annum for a prolonged mine life.
Chaarat Gold Holdings Headquarter Location
10th floor, Victory Business Centre 103 Ibraimov Street
+44 (0) 20 7499 2612
Latest Chaarat Gold Holdings News
Oct 21, 2021
The loan notes can be repaid early in cash upon 10 business days' notice Chaarat Gold PLC has extended the maturity date of its secured convertible loan notes by a year to October 2022. The extension has been approved with an adjusted conversion price of £0.30 per share. A single interest payment will be due on the extended final repayment date of 31 October 2022 provided that no conversion or early repayment has occurred. The loan notes can be repaid early in cash upon 10 business days' notice. As of 31 October 2021, the principal amount outstanding of the loan notes would have been US$19.7mln plus accrued interest of US$ 6.7mln. If all the loan notes convert on their amended terms, 70.2mln shares will be issued. Chris Eger, Chaarat’s CFO said: "Chaarat had good discussions with the noteholders and is grateful for the continued support with a solution beneficial to all parties. The maturity extension allows the company to continue its organic and other growth plans." Quick facts: Chaarat Gold Holdings Ltd Follow