Chaarat Gold Holdings Ltd Completes JV With The Turkish Mining And Mine Construction Contractor

Chaarat Gold Holdings Ltd (AIM: CGH), has completed a joint venture with the Turkish mining and mine construction contractor ‘Çiftay İnsaat Tahhüt ve Ticaret A.S’. As per the agreement for Tulkubash and Kyzyltash, on an agreed valuation of US$252 million (post money), the company will gradually invest up to US$31.5 million in cash for a corresponding 12.5 per cent equity stake in these two project assets.

On 13th September 2019, at the time of writing, GMT 12.26 PM, CGH shares were trading at GBX 28.20, up by 0.50 points or 1.80% against the previous day closing price.