#London #United Kingdom #Chaarat Gold #Notes Holders #Zaav Holdings

Chaarat Gold Noteholders Voice Concerns Over Redemption Proposal

In a recent development, a collective of holders of the Senior Secured Convertible Loan Notes set to mature in 2028, issued by Chaarat Gold Holdings Limited, has come forward with their response to the company's intent to redeem these notes. This response comes following Chaarat Gold's announcement of a planned liquidation slated for February 13, 2026, which will be facilitated through the proceeds from selling its equity stake in Zaav Holdings Ltd to SilverCorp Metals Inc.

While the group, referred to as 'The Group', expresses a general support for legitimate financial transactions that promise timely repayment of the outstanding notes, they have also raised critical concerns regarding transparency. The Group emphasizes that for them to properly assess Chaarat Gold’s redemption proposal, essential details about the transaction must be shared among all holders of the notes.

A representative of The Group has specifically reached out to Chaarat Gold, insisting on transparency and requesting vital information including a copy of the active notes instrument and a breakdown showing accrued interest on the notes as of the proposed redemption date. These requests come amid the backdrop of Chaarat Gold’s insistence that all inquiries are to be routed through a non-disclosure agreement (NDA), which could mandate confidentiality agreements lasting up to five years. This stipulation has raised eyebrows among the noteholders due to the urgency of the situation, considering there are less than two weeks until the redemption date.

The Group strongly encourages Chaarat Gold to furnish the important details without requiring all noteholders to sign the NDA. They argue that transparency in financial dealings is paramount, especially when it concerns the interests of stakeholders who are dependent on timely repayments. They also expressed the need for a standard pro forma NDA for those who wish to explore further information or details about the transaction.

This unfolding situation is a complex intersection of corporate finance and stakeholder rights, highlighting the essential principles of open communication and equitable treatment in financial environments. The Group has consulted with the law firm Cleary Gottlieb Steen & Hamilton LLP for guidance and encouragement of noteholders who have inquiries to connect with the law firm directly.

As the deadline for the redemption approaches, all eyes will be on Chaarat Gold Holdings Limited to see how they respond to these pressing demands from their noteholders, with hopes that the company will prioritize transparency and shareholder interests over procedural formalities. This scenario serves as a crucial reminder of the importance of governance in financial operations and the obligations companies have toward their investors and stakeholders.

In an increasingly transparent investment climate, the move by The Group to engage with Chaarat Gold highlights the necessity of collaboration and communication in the financial sector. As stakeholders await further developments, the solution will ideally fulfill all contractual obligations while ensuring that the interests of all parties involved are addressed fairly and promptly.