Director's Dealings

RNS Number : 1040V

Chaarat Gold Holdings Ltd

23 October 2014

 



Chaarat Gold Holdings Limited

("Chaarat" or "the Company")

Director's dealings

Road Town, Tortola, British Virgin Islands (23^rd October 2014).

Chaarat (AIM-CGH), the gold exploration and development company operating in the Kyrgyz Republic, was notified today that, on 22^nd October, Vetan Investments Limited, on behalf of Alexander Novak, transferred, at nil consideration, 1,700,000 ordinary shares of US$0.01 each in the Company ("Shares") to his former wife as part of their divorce settlement. As a result of the gift, Mr Novak has a beneficial interest in 10,686,198 Shares representing approximately 4.27% of the Company's issued share capital.

Chaarat's directors now hold 12.8% of the Company's issued share capital.

Enquiries:  

Chaarat Gold Holdings Limited	+ 44 23 800 11747
c/o Central Asia Services Limited	[e-mail]
Dekel Golan   CEO                   Linda Naylor  FD
Numis Securities Limited	[phone]
John Prior, Paul Gillam (NOMAD) James Black (Broker)

NOTES TO EDITORS:

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 preparing a Definitive Feasibility Study (DFS) and continuing its 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

 

END

 

 

RDSEAPEDAALLFEF