Friday, January 9, 2009

Chaarat Gold Holdings Limited

Industry: Mining

Main business locations: Kyrgyz Republic

Registered Office:
Palm Grove House
PO Box 438
Road Town, Tortola
British Virgin Islands, VG1110

Incorporation date: 20 July 2007

BVI Registration number: 2814897

Listed on: London's Alternative Market (AIM)
Ticker: CGH.L

English solicitors: Watson, Farley & Williams LLP

BVI law solicitors: Ogier

Auditors: Grant Thornton UK LLP

Principal bankers: Royal Bank of Scotland International

Financial highlights:
Market capitalization: GBP 7.18M
Shares in issue: 71.883433M
Shareholders funds (2007): 15.03M
Earnings after Tax (2008): GBP -4.79M

About the BVI company:

Chaarat Gold Holdings Ltd is the holding company of the Chaarat Group. The Group was founded for the purposes of exploring and developing the Licence currently held by Chaarat Zaav in the western part of the Kyrgyz Republic. This area hosts many prospective gold occurrences and mineral resources.

Chaarat Group has exclusive rights to conduct geological prospecting and exploration for commodities including gold and other metals in the licence area which makes 604.6 km2. Chaarat Gold Holdings also extended the terms of the Licence, number Au 174-02, for a further two years from 1st January 2009 to 31st December 2010. The Licence extension applies to the entire 604 square kilometre property, as the Licence is not subject to any relinquishment requirements.

It is expected that a fully operational mine will be developed in the Licence Area within the next five years. Also, the BVI company will actively work to find other gold occurrences with potential near the Licence Area where it will seek to acquire the rights with the purpose to expand its gold resourse base.

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