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Chaarat Gold plots deal-linked refinancing

Chaarat Gold plots deal-linked refinancing

Chaarat Gold (CGH) calls itself the “next leading emerging markets gold company”. It boasts two development projects in the Kyrgyz Republic, is locked in a battle to acquire Kumtor, the central Asian nation’s largest mine, and has identified a dozen other “tangible” takeover targets. But until now it has had no production to speak of. That looks set to change, after the Aim-listed group this week announced plans to raise up to $100m (£78m) to fund the acquisition of a “medium-sized polymetallic asset” in an unnamed former Soviet republic.

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