TIDMCGH

RNS Number : 8675Z

Chaarat Gold Holdings Ltd

17 March 2017

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Road Town, Tortola, British Virgin Islands (17(th) March 2017)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 17(th) March that as of that day Sarastro Group Limited held 17,606,228 ordinary shares of US$ 0.01 representing 5.00% of the issued share capital of the Company.

In accordance with the announcement dated 27 September 2016, a further 3,527,976 ordinary shares of US$0.01 each may be acquired by the concert party within a period of six months from 1 October 2016 without triggering a requirement to make a mandatory offer under the Articles of Association of the Company.

Enquiries:

 
     Chaarat Gold Holdings 
      Limited                          + 44 (0) 20 7499 2612 
     c/o Central Asia Services         info@chaarat.com 
      Limited 
     Dekel Golan CEO 
      Linda Naylor FD 
 
       Numis Securities Limited        +44 (0) 20 7260 1000 
     John Prior, Paul Gillam 
      (NOMAD) 
      James Black (Broker)

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 17, 2017 13:06 ET (17:06 GMT)

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