Chaarat Gold Holdings Ltd Armenia update (5097A)
September 30 2020 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 5097A
Chaarat Gold Holdings Ltd
30 September 2020
30 September 2020
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Chaarat Gold - Armenia update
Chaarat Gold (AIM: CGH), the AIM-quoted gold mining Company with
an operating mine in Armenia, and assets at various stages of
development in the Kyrgyz Republic, provides an update on the
current situation in Armenia.
Military action started several days ago between Azerbaijan and
Armenia in the Nagorno-Karabakh region which is about 150
kilometres away from Kapan. After the events of Sunday, 27
September, the government of the Republic of Armenia declared
martial law in the country.
The impact on the Company's operations has to date been minimal.
Management and the team on the ground continuously monitor the
situation, have business continuity plans in place to react quickly
to any new developments and monitor supply chains on a daily basis.
The Company will provide an update on the situation as and when
appropriate.
Enquiries
+44 (0)20 7499
Chaarat Gold Holdings Limited 2612
Artem Volynets (CEO) info@chaarat.com
Canaccord Genuity Limited (NOMAD + 44 (0)20
and Joint Broker) 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
+44 (0)20 7220
finnCap Limited (Joint Broker) 0500
Christopher Raggett
SP Angel Corporate Finance LLP (Joint + 44 (0)20 3470
Broker) 0470
Ewan Leggat
About Chaarat
Chaarat is a gold mining company which owns the Kapan operating
mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in
the Kyrgyz Republic. The Company has a clear strategy to build a
leading emerging markets gold company with an initial focus on
Central Asia and the FSU through organic growth and selective
M&A.
Chaarat is engaged in active community engagement programmes 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 by
building relationships based on trust and operating to the best
environmental, social and employment standards. Further information
is available at www.chaarat.com/ .
ENDS
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