Chaarat Gold’s share price increased Thursday after it extended the maturity of its secured convertible loan notes 2021 from October 31, 2021, to October 31, 2022.
The loan notes had a conversion price of approximately £0.371 per share and a 10% interest rate per annum, which increased to 12% per annum on April 30, 2020. The Extension has been approved on the same terms but with an adjusted conversion price of £0.302 per share.
Chaarat said the loan notes can be repaid early in cash upon 10 business days’ notice.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
As of October 31, the principal amount outstanding of the loan notes would have been $19.68 million, plus accrued interest of $6.68 million.
If all the Loan Notes convert on their amended terms, around 70.2 million shares will be issued to loan note holders.
Chris Eger, CEO of Chaarat, said: “Chaarat had good discussions with the note holders and is grateful for the continued support with a solution beneficial to all parties. The maturity extension allows the Company to continue its organic and other growth plans.”
Chaarat Gold shares have jumped 6.91% on Thursday to 22.5p.
Should you invest in Chaarat Gold shares?
Chaarat Gold shares are traded on the London stock exchange’s AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are CGH shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
