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IN BRIEF: Chaarat Gold Refinances Loan From Shareholder Labro

30th Dec 2020 21:42

Chaarat Gold Holdings Ltd - London-based gold miner focused on Armenia and Kyrgyz Republic - Agrees to refinance USD7 million Labro Investments Ltd loan made in November 2018. Labro loan refinanced at 9.5% interest rate and maturity date of December 2024. Notes principal repayment to rise to USD7.5 million from USD7.0 million and fee payable is USD250,000. Says total principal amount of Labro loan after refinancing to be USD22.0 million.

Current stock price: 23.50 pence

Year-to-date change: down 33%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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