Chaarat Gold Holdings (GB:CGH) has released an update.
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Chaarat Gold Holdings Ltd has announced significant changes to its leadership, with Martin Andersson stepping down as Executive Chairman, replaced by Gordon Wylie, while David Mackenzie takes on the role of Acting CEO. The company is currently negotiating the restructuring of substantial convertible loan notes and requires additional working capital. With a cash balance enough for 4-6 weeks, Chaarat is seeking a resolution that may depend on shareholder and creditor consent, amidst a pressing repayment deadline.
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