Chaarat Gold Holdings Ltd: Issue of Share Options
(Thomson Reuters ONE) -
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Issue of Share Options
Road Town, Tortola, British Virgin Islands (22 December 2011)
Chaarat (AIM - CGH), the AIM quoted exploration and development company with
assets in the Kyrgyz Republic, announces that, in accordance with the Company's
share option scheme and following approval by the Board, the following options
were awarded to the directors of Chaarat today.
Director Options granted
Dekel Golan 907,407
Alex Novak 500,000
Linda Naylor 555,556
Christopher Palmer-Tomkinson 111,111
Rob Weinberg 103,704
In addition to the above a further 1,494,779 options have been granted to
certain employees on the same terms. All of the options are exercisable between
1 and 8 years from the date of grant.
Under the terms of the scheme, the exercise price of the options is calculated
at the date of grant using the 15 trading day volume weighted average share
price prior to grant. At the date of grant the exercise price was calculated as
27p.
For further information about the Company please contact:
Chaarat Gold Holdings Limited +44 (0) 20 7499 2612
c/o Central Asia Services Limited
Dekel Golan CEO dekel(at)chaarat.com
Linda Naylor FD linda.naylor(at)chaarat.com
Westhouse Securities Limited +44 (0) 20 7601 6100
Tom Price tom.price(at)westhousesecurities.com
Richard Baty richard.baty(at)westhousesecurities.com
Bankside Consultants +44 (0) 20 7367 8888
Simon Rothschild simon.rothschild(at)bankside.com
Note to Editors:
About Chaarat Gold
Chaarat Gold is an exploration and development company operating in the Kyrgyz
Republic. The Company's main activity is the development of the Chaarat Gold
Project situated within the Middle Tien Shan Mountains of Kyrgyzstan, which form
part of the Tien Shan gold belt. The Company has delineated a JORC compliant
mineral resource of 4.736Moz at a grade of 4.28g/t gold. Chaarat's key objective
is to become a low cost gold producer; with initial production from the
Tulkubash project, targeting increased combined annual production of over
200,000 ounces as the full project comes on stream.
Further information is available at www.chaarat.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE
[HUG#1573406]
Unternehmensinformation / Kurzprofil:
Datum: 22.12.2011 - 12:03 Uhr
Sprache: Deutsch
News-ID 99513
Anzahl Zeichen: 3611
contact information:
Town:
British Virgin Islands
Kategorie:
Business News
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"Chaarat Gold Holdings Ltd: Issue of Share Options"
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