3rd Apr 2018 13:34
LONDON (Alliance News) - Chaarat Gold Holdings Ltd said Tuesday it has so far received USD15.0 million in settled funds or commitments as part of a previously announced USD20.0 million fundraise.
In December, the company announced the raise through a mixture of shares at 25.00 pence each and short-term senior secured convertible loan notes at 33.00p.
Of the USD15.0 million, USD11.4 million is made up of shares and notes, and the USD3.6 million extra is from expressions of interest from directors and management.
The gold miner has also extended the notification of interest deadline to an unspecified date from the old date of Friday, in light of the fact it is about to publish its feasibility study for the Tulkubash project, expected later in April.
Shares were down 1.0% on Tuesday at 19.60p.
Related Shares:
CGH.L
