Chaarat raises $5.8m and reduces Labro debt

Aim-quoted gold miner Chaarat has raised $5.8-million from the issue of 12 892 855 new ordinary shares at 35p each.

Labro Investments took up 2 878 571 shares, which the company said was used to offset $1.3-million that it owned Labro, reducing its working capital facility to $3.5-million.