Watson, Farley & Williams (‘’WFW’’), a leading international law firm, has advised Chaarat Gold Holdings Limited (“Chaarat”) on its takeover of Kyrex Limited (“Kyrex”). The takeover was declared unconditional by Chaarat on 27 July 2010.

Chaarat is an AIM listed exploration and development company operating in the Kyrgyz Republic with its main current activity being the development of the Chaarat Gold Project. The Chaarat Gold Project is situated within the Middle Tien Shan Mountains of Kyrgyzstan which form part of the Tien Shan gold belt.

Kyrex is a private exploration company with four large licence areas in the north west of the Kyrgyz Republic. The company’s three most prospective assets are Chontash (a skarn molybdenum-gold-copper deposit), Mironovskoye (a gold-silver-copper deposit) and Kyzil Ompulan (an early stage licence area in which a number of small gold, copper, molybdenum, lead and uranium deposits have been delineated).

Jan Mellmann, partner and head of the International Corporate Group, led the team for WFW and was assisted by solicitors Gareth Burge and Georgina Don.

Jan Mellmann, partner and head of the International Corporate Group, comments: “We have assisted Chaarat for a number of years and are pleased to have advised on this latest acquisition which marks a new phase in the company’s development. The transaction also underlines WFW’s position as one of the leading international law firms advising resource companies on AIM”. 

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For further information, please contact:
Alexandra Quilici
PR Executive
+44 20 7814 8088
aquilici@wfw.com

Editors’ notes:

1. Watson, Farley & Williams is an international law firm with offices in London, New York, Paris, Hamburg, Munich, Rome, Milan, Madrid, Athens, Piraeus, Singapore and Bangkok. The firm currently has 298 lawyers and over 500 staff.

2. Watson, Farley & Williams is a leading international law firm providing services of high quality and value to clients throughout a range of industry sectors, with particular focus on: Finance & Investment, Maritime, Energy, Natural Resources, Transport, Real Estate and ICT. Lawyers from our international offices work as integrated teams to provide practical, commercially focused legal services. Our locations allow us sufficient geographical spread to be competitive in the global market and to provide consistently high quality legal services to our clients.

All references to ‘Watson, Farley & Williams’ and ‘the firm’ in this document mean Watson, Farley & Williams LLP and/or its affiliated undertakings. Any reference to a 'partner' means a member of Watson, Farley & Williams LLP, or a member or partner in an affiliated undertaking, or an employee or consultant with equivalent standing and qualification