15 June 2023
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Senior Management Changes
Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, is pleased to announce the appointment of David Mackenzie as Chief Financial Officer of the Company with immediate effect. David has been acting as the interim Chief Financial Officer since 1 February 2022.
Chaarat also announces that Darin Cooper, Chief Operating Officer, will be leaving the business shortly to pursue other opportunities. Darin leaves with the Board's appreciation and thanks for the role he has played in the development of Chaarat over the last four years.
The Company confirms that it is commencing the search for a successor to Darin and a further announcement will be made when a successor has been identified. In the meantime, the Company will continue to operate as usual with the existing management team assuming Darin's responsibilities.
Mike Fraser, Chief Executive Officer of Chaarat said: "I would like to congratulate David on his appointment. I would also like to thank Darin for his work and dedication to Chaarat over the past four years and the Board wishes him well in his future endeavours."
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| Enquiries | |
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| Chaarat Gold Holdings Limited | +44 (0)20 7499 2612 |
| Mike Fraser (Chief Executive Officer) | |
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| Canaccord Genuity Limited (NOMAD and Joint Broker) | +44 (0)20 7523 8000 |
| Henry Fitzgerald-O'Connor |
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| James Asensio | |
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| finnCap Limited (Joint Broker) | +44 (0)20 7220 0500 |
| Christopher Raggett |
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| Panmure Gordon (UK) Limited (Joint Broker) | +44 (0)20 7886 2500 |
| John Prior Hugh Rich |
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About Chaarat
Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company through organic growth and selective M&A.
Chaarat is engaged in active community engagement programmes to optimise the value of the Chaarat investment proposition.
Chaarat aims to create value for its shareholders, employees and communities from its high-quality gold and mineral deposits by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at www.chaarat.com/.
Further information relating to the Chief Financial Officer
Mr David Alan Mackenzie (aged 40) has confirmed that, other than the information disclosed below, there are no matters to be disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.
Current directorship
Chaarat Gold Services Limited
Previous directorship held in the last five years
Haast Consulting Limited
Shareholding in the Company:
None
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