Chaarat Gold seeking to extend and expand $10m loan agreement
Chaarat Gold updated the market on the $10m loan agreement, first announced to the market on 15 November 2018, and which matured on 13 August, on Wednesday.
The AIM-traded company said it was in “advanced discussions” with the lender to extend the loan into 2020, and to increase the principal amount of the loan.
“It is envisaged that the terms of the loan will remain materially the same with the exception of an extension to the maturity date and the increase in principal of the loan,” the board said in its statement.
“A further announcement will be made when appropriate.”