Chaarat Gold Holdings Limited #shares fell more than 20% as it had to slash the price of a new funding round to get it away, even with the GoldPrice at record highs. The Kyrgyz-Republic-based group is raising £1.1 million at 5.25p with a further £0.7 million coming from part conversion of Labro Investments' working capital facility. #ChaaratGold said the new funding will enable it to cover costs to complete the financing of the Tulkubash #Gold Project, targeted for the end of the first quarter of 2024. David Mackenzie, Chaarat’s chief financial officer, said: "Chaarat is at a pivotal stage in its evolution, as we approach a Final Investment Decision in the coming months of the #Tulkubash project. “We believe a low capex, as previously reported, of $104 million and a relatively short 18-month time horizon to first production is a compelling opportunity for #investors. More at #Proactive #ProactiveInvestors #AIM #CGH http://ow.ly/ENZY1054Iy4
