Chaarat Gold announced the following changes to the Company's Board and executive management structure, and an update on its funding position.
Martin Andersson has agreed to step down from his role as Executive Chairman with immediate effect, at the Board's request, to avoid actual or potential conflicts of interests in view of the restructuring discussions referred to below given his interests in Labro Investments Limited. Martin Andersson will continue to hold a seat on the board as a Non-Executive Director, pursuant to Labro's right of representation. Gordon Wylie, previously Senior Independent Non-Executive Director, has been appointed as the Independent Non-Executive Chairman of the Board of Directors.