4th Feb 2019 13:21
LONDON (Alliance News) - Shares in Chaarat Gold Holdings Ltd were restored to trading on the AIM market of the London Stock Exchange on Monday as the company completed the takeover of Kapan Mining & Processing Co CJSC.
Chair Martin Andersson said: "We are very pleased to bring a new Chaarat back to the AIM market. Since the suspension of our shares in April 2018, the company has been transformed with a strengthened board and management and the completion of our first merger and acquisition deal."
At the end of October, Chaarat, a gold development company, agreed to buy the Kapan polymetallic mine from FTSE 250 member Polymetal International PLC for USD55 million.
Chaarat shares were trading up 2.6% at 27.85 pence per share on Monday following their restoration to trading. It has 395 million shares in issue and a market capitalisation of GBP110 million.
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