Appointment to the Board

RNS Number : 5816A

Chaarat Gold Holdings Ltd

13 September 2018

 

13 September 2018                                                                           

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Appointment to the Board

Chaarat (AIM: CGH), the AIM-quoted exploration and development company with assets in the Kyrgyz Republic, is pleased to announce the appointment, effective today, of Mr Robert Edwards to the Board as an independent non-executive director.

A mining engineer with a degree from the Camborne School of Mines, Mr. Edwards is the former chairman of Global Mining at Renaissance Capital and has also worked for HSBC and the Royal Bank of Canada. He has worked in the global natural resources industry for 27 years, primarily in frontier and emerging markets, advising the managements of numerous companies on a range of industrial issues. As well as bringing deep sector knowledge, he has played a central role on multiple IPOs, capital raisings and M&A transactions.

Mr. Edwards is currently an independent non-executive director and member of the audit and corporate governance and remuneration committees of MMC Nornickel, and an adviser to several private natural resource companies.

Martin Andersson, Executive Chairman of Chaarat, said: "Rob brings a deep knowledge of the global mining sector, with a particular emphasis on frontier markets. His broad institutional and corporate experience combined with his industry insights give him a unique capacity to advise on the successful operation of a growing mining business."

"That background complements Chaarat's rapid expansion in the Commonwealth of Independent States, and I look forward to his contribution as we grow our asset base and production capacity across the region."

Ends

Enquiries

Chaarat Gold Holdings Limited      

Martin Andersson (Chairman)	[phone]
Artem Volynets (CEO)	[e-mail]
Numis Securities Limited
John Prior, Paul Gillam (NOMAD)	[phone]
James Black (Corporate Broking)
BMO Capital Markets Limited
Jeffrey Couch, Thomas Rider (Joint Broker)	[phone]
Powerscourt
Conal Walsh	[phone]
Matthew Attwood	[e-mail]
Isabelle Saber

About Chaarat Gold

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold Project. The Company's key objective is to become a low-cost gold producer generating significant production from the development of the Chaarat Gold Project. Chaarat is engaged in an active community engagement programme 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 in the Kyrgyz Republic by building relationships based on trust and operating to the best environmental, social and employment standards.

Further information is available at www.chaarat.com 

Further information relating to the Director appointment

Mr Robert Edwards (aged 52) has confirmed that other than the information disclosed below there are no matters to be disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.

Current directorships:

Highcross Resources Limited

MMC Nornickel 

Scriptfert New Zealand

GB Minerals Limited

Previous directorships held in the last 5 years:

Sierra Rutile Limited

Shareholding in the Company:

None

 

END

 

 

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