Chaarat Gold Holdings Ltd Extension of Convertible Loan Notes (4695R)
2023年10月27日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMCGH
RNS Number : 4695R
Chaarat Gold Holdings Ltd
27 October 2023
27 October 2023
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Extension of Convertible Loan Notes
Chaarat Gold (AIM: CGH), the AIM-quoted gold mining Company with
development projects in the Kyrgyz Republic, announces an extension
of the maturity of its secured convertible loan notes (the "Loan
Notes") from 31 October 2023 to 31 July 2024 (the "Extension
Agreement").
The Extension Agreement, which required the consent of the
holders of a majority in value of the Loan Notes, has been approved
on the same terms as those currently applicable to the Loan Notes,
and as announced on 11 August, with interest payable going forward
on the capitalised amount as at 31 October 2023 of US$34.3 million.
Payment of the principal and accrued interest will be due on the
earlier of the extended final repayment date of 31 July 2024, or
the Final Investment Decision to proceed on the Tulkubash project
by the Board of Directors of the Company, provided that no
conversion or early repayment has occurred. The Loan Notes can be
repaid early in cash at the Company's option upon 10 business days'
notice.
In addition to the Extension Agreement, the Company has agreed
with Labro Investments Limited ("Labro"), an extension to the term
of the previously announced working capital facility with Labro
from 31 July 2024 to 30 September 2024. All other terms disclosed
in the announcement of 12 October 2023 remain the same.
David Mackenzie, Chief Financial Officer of Chaarat, said:
"Chaarat is appreciative of the continued support from its loan
noteholders. The maturity extension, combined with the recently
announced working capital facility from the largest shareholder,
enables Chaarat to focus on achieving the Tulkubash Final
Investment Decision in an expedient manner and subsequently
implement broader financing to support further corporate and asset
developments of the group."
Notes:
1. If all the Loan Notes convert assuming full conversion of
principal and interest to the extended maturity date of 31 July
2024, 96,564,938 ordinary shares of US$0.01 each ("Ordinary
Shares") will fall due to be issued to Loan Note holders.
2. As previously stated Labro, a substantial shareholder in the
Company the majority of shares in which Martin Andersson (the
executive chair of Chaarat) is interested, holds US$1.7 million of
Loan Notes including accrued interest as at 31 October 2023 (the
"Labro Notes"). If all the Labro Notes convert assuming full
conversion of principal, interest, and fees to the extended
maturity date of 31 July 2024, then 4,921,448 Ordinary Shares will
fall due to be issued to Labro.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014 (which forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act
2018).
Enquiries:
Chaarat Gold Holdings Limited +44 (0)20 7499 2612
Martin Andersson (Executive Chair) IR@chaarat.com
Canaccord Genuity Limited (NOMAD and
Joint Broker) + 44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
Cavendish Capital Markets Limited (Joint
Broker) +44 (0)20 7220 0500
Neil McDonald
Panmure Gordon (UK) Limited (Joint
Broker) +44 (0)20 7886 2500
John Prior
Hugh Rich
Stifel Nicolaus Europe Limited (Financial
Advisor) +44 (0)20 7710 7600
Jan-Erik Back
About Chaarat
Chaarat is a gold mining company which owns the Tulkubash and
Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a
clear strategy to build a leading emerging markets gold company
through organic growth and selective M&A.
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCVQLFLXBLXFBX
(END) Dow Jones Newswires
October 27, 2023 02:00 ET (06:00 GMT)
Chaarat Gold (AQSE:CGH.GB)
過去 株価チャート
から 5 2024 まで 6 2024
Chaarat Gold (AQSE:CGH.GB)
過去 株価チャート
から 6 2023 まで 6 2024