Chaarat Gold Holdings (GB:CGH) has released an update.
Chaarat Gold Holdings Ltd, a mining company with assets in the Kyrgyz Republic, has announced a proposed recapitalisation which includes cutting its liabilities by more than half to under $20 million, extending debt maturity to December 2025, and securing a new $5 million working capital facility. This strategic financial restructuring is contingent on shareholder approval and will result in the company’s delisting from the AIM market. The General Meeting to discuss these changes is scheduled for 8 August 2024.
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