Regulatory Approval
(Thomson Reuters ONE) - Chaarat Gold Holdings Ltd (AIM:CGH) ("Chaarat" or "the Company")Receipt of Chinese regulatory approval and application for admission of shares to trading on AIMRoad Town, Tortola, British Virgin Islands (8 September 2009).Further to the announcement on 13 July 2009, Chaarat today announcesthat regulatory approval of the Chinese Government to thesubscription by China Nonferrous Metals Int'l Mining Co Ltd ("CNMIM")for 22,469,289 shares ("Placing Shares") at 25p in the Company hasbeen received.Accordingly the Company has applied for the Placing Shares to beadmitted to trading on the AIM market of the London Stock Exchangeand it is expected that Admission will take place and that tradingwill commence in such shares on or about 14 September 2009.The Placing Shares are being issued credited as fully paid and willrank pari passu with the existing Ordinary Shares.Following the admission of the Placing Shares, the Company's existingissued share capital will increase from 90,441,714 Ordinary Shares of$0.01 each to 112,911,003 Ordinary Shares ("Enlarged ShareCapital"). As such, the total number of voting rights which will beattached to the Enlarged Share Capital on the basis of one vote perOrdinary Share will be 112,911,003.The above voting rights figure may be used by shareholders as thedenominator for the calculations by which they will determine whetherthey are required to notify their interests in, or a change to theirinterest in, the Company, under the Financial Services Authority'sDisclosure and Transparency Rules.Dekel Golan CEO comments: "I am delighted to welcome CNMIM asshareholders and look forward to their contribution in taking theChaarat project towards development. This investment, together withthe Placing in May, will fund the Company through to completion of afull feasibility study".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.EnquiriesChaarat 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 JonesSmith'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: 08.09.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 5576
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