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Fasanara Capital continues to build stake in Chaarat Gold

Last updated: 01:43 06 Feb 2014 EST, First published: 02:43 06 Feb 2014 EST

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Fasanara Capital Credit Strategies Fund raised its stake in Chaarat Gold Holdings (LON:CGH) to 11.6% as it continues to invest in the exploration and development company operating in the Kyrgyz Republic.

Fasanara, a London-based asset management company set up in December 2011, has been steadily building its stake in Chaarat, crossing the 5% threshold last July.

Chaarat, which hopes to produce 200,000 ounces a year from its namesake gold project in the former Soviet republic, also announced that Rob Weinberg, a non-executive director since January 2011, intends to resign. His resignation will take effect on May 4.

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on 05/11/2018