Acquisitive gold company Chaarat on Wednesday announced that it would raise a further $1-million to support its goal of expanding in emerging markets and to support the recently announced acquisition of the Kapan polymetallic mine, in Armenia.
The company entered into loan agreements with two investors for the subscription and issue of secured convertible notes 2021 for $600 000 and $400 000, respectively.
Chaarat has a stated intention of building a “leading emerging markets gold company” with its initial focus on Central Asia and former Soviet Union countries.