Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, notes recent media speculation and confirms that it is in discussions regarding the potential acquisition (the “Acquisition”) of Lydian Armenia CJSC (the ” Target “) from Lydian Canada Ventures Corporation.
The proposed Acquisition would constitute a Reverse Takeover as defined under the AIM Rules, due (among other things) to the size of the Acquisition. Accordingly, trading in Chaarat’s shares will be suspended with immediate effect pending the publication of the required AIM Admission Document or an announcement that the potential Acquisition is not proceeding.
There is no certainty at this stage, that the proposed Acquisition will be completed. A further announcement will be made when appropriate.
Chaarat Gold Holdings Limited
+44 (0)20 7499 2612
Mike Fraser (CEO)
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