StockMarketWire.com - Chaarat Gold confirmed Wednesday that it and its subsidiary Chaarat Gold International had extended the anticipated closing date for the acquisition of Kapan by more than two weeks to 31 January 2019 from 15 January 2019.

The extension had arisen as a result of the 'extended winter holiday season in Armenia and Russia,' the company said.

Chaarat Gold International also said it subsidiary had agreed to pay $40m in cash for shares that Kapan parent company Polymetal owned.

If payment is not completed within 10 business days from the date of completion, Polymetal had the right to require the transaction to be unwound, resulting in a termination fee.




At 9:32am: [LON:CHG] Chemring Group PLC share price was -1.7p at 157.3p



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