Statement re: Issue of share options
(Thomson Reuters ONE) - Chaarat Gold Holdings Ltd ("Chaarat" or "the Company") Issue of share optionsRoad Town, Tortola, British Virgin Islands (2 September 2009).In accordance with the announcement of the amended option scheme madeon 3 July 2009, the Board announces that the following options weregranted to directors on 1 September 2009.Director Options grantedD Golan 400,000A Novak 252,200L Naylor 156,000C Palmer- Tomkinson 26,000O Greene 26,000The options will vest after three years.Under the terms of the amended scheme, the exercise price of theoptions relate to the market price at the date of grant, using the 15trading day moving average of the share price prior to grant.However, in view of the investment by CNMIM announced on 13 July2009, the Board has in this instance decided to grant the firstoptions under the amended scheme at a price of 25p, being the sameprice as the shares subscribed for by CNMIM, which is 23% above the15 trading day moving average of the share price prior to grant.About the Chaarat Gold ProjectThe Chaarat project is situated within the Middle Tien Shan Mountainsof Kyrgyzstan which form part of the Tien Shan gold belt. At thecompletion of the 2008 exploration season a mineral resource of3.34Moz at a grade of 4.30 g/t gold (JORC compliant in the Indicatedand Inferred categories) had been delineated. The Company'sexploration programme is aimed at increasing the confidence levels inthe resource through infill drilling through down-dip andalong-strike extension drilling whilst developing a pre-feasibilitystudy to demonstrate the economic viability of the deposit.About Chaarat Gold Holdings or the CompanyChaarat Gold Holdings is an exploration company founded for thepurpose of developing the Chaarat License Area. Chaarat was admittedto AIM on 8 November 2007.DisclaimerThis press release includes forward-looking statements. Suchforward-looking statements involve known and unknown risks,uncertainties and other important factors beyond Chaarat's controlthat would cause the actual results, performance or achievements ofChaarat to be materially different from future results, performanceor achievements expressed or implied by such forward-lookingstatements. Such forward-looking statements are based on numerousassumptions regarding Chaarat's present and future businessstrategies and the environment in which Chaarat will operate in thefuture. Any forward-looking statements speak only as at the date ofthis document. Chaarat expressly disclaims any obligation orundertaking to disseminate any updates or revisions to anyforward-looking statements contained in this document to reflect anychange in Chaarat's expectations with regard to these or any changein events, conditions or circumstances on which any such statementsare based. As a result of these factors, the events described in theforward-looking statements in this press release may not occur eitherpartially or at all.Enquiries:Chaarat Gold Holdings Ltdc/o Central Asia Services Ltd +44 (0) 20 7499 2612Dekel Golan dekel(at)chaarat.comLinda Naylor Linda.naylor(at)chaarat.comCanaccord Adams Limited +44 (0) 20 7050 6500Mike Jones Mike.jones(at)canaccordadams.comSmith's Corporate Advisory +44 (0) 20 7239 0140Dominic Palmer-Tomkinson tomkinson(at)smiths-ca.comConduit PR +44 (0) 20 7429 6666Edward Portman ed(at)conduitpr.com---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 02.09.2009 - 17:30 Uhr
Sprache: Deutsch
News-ID 5409
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