on Group Of Chaarat Gold Holdings Limited Investors
Investors Express Concerns Over Sale of Mining Interests
An international group of investors in Kyrgyz Republic mining assets have issued a statement regarding the recent sale of interests in Tulkubash and Kyzyltash. The sale, conducted by Chaarat Gold Holdings Limited, transferred the assets to Silvercorp Metals Inc. through a sale of Chaarat's shareholding in Chaarat ZAAV CJSC.
The group expressed concerns over Chaarat's management of the mining assets leading up to and during the sale process. They are prepared to take necessary actions to safeguard their position.
Investors associated with Tulkubash, Kyzyltash, or Chaarat are advised to reach out to the group's legal advisor, Cleary Gottlieb Steen & Hamilton LLP, for further details.
R. P.
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