The Prospector News

Chakana Completes CDN$8 Million Strategic Investment From Gold Fields Limited

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Chakana Completes CDN$8 Million Strategic Investment From Gold Fields Limited

 

 

 

 

Chakana Copper Corp.  (TSX-V: PERU; OTCQB: CHKKF; FWB: 1ZX) is pleased to announce that it has completed the previously announced private placement with Gold Fields Nazca Holdings Inc., a group company of Gold Fields Limited, (NYSE: GFI), pursuant to which a wholly-owned subsidiary of Gold Fields has acquired a 16.14% interest in the Company. The private placement involved the issue of 15,686,275 common shares of the Company at a price of $0.51 per Chakana Share for total gross proceeds of CDN$8,000,000.

 

The net proceeds of the Financing will be used to advance the exploration and development of the Company’s expanded Soledad copper-gold project in Central Peru. All securities issued in the Financing will be subject to a statutory four month hold period.

 

For additional details on the Financing please refer to the Company’s news release of April 29, 2019.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

 

 

 

 

 

Posted May 13, 2019

Share this news article

MORE or "UNCATEGORIZED"


Platinum Group Metals Closes US$10.4 Million Bought Deal Financing, US$9.2 and US$10 Million Private Placement Financings, Establishes a US$ 20 Million 2-3 Year Credit Facility and Repays Existing US$43 Million Credit Facility

Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) announ... READ MORE

August 21, 2019

Sarama Resources Extends Strike Length of Mineralisation at South Houndé Project to Over 12km

Sarama Resources Ltd. (TSX-V:SWA) is pleased to announce that recent oxi... READ MORE

August 21, 2019

Great Bear Drills New Shallow High-Grade Gold Zone at Hinge: 30.81 g/t Gold Over 2.50 m Within 7.40 g/t Over 13.20 m and 20.41 g/t Gold Over 2.20 m Within 2.07 g/t Gold Over 29.80 m; Dixie Limb Drilling Intersects 21.54 g/t Gold Over 2.35 m Within 9.68 g/t Gold Over 5.60 m

Great Bear Resources Ltd. (TSX-V: GBR) today reported the most re... READ MORE

August 21, 2019

RNC Minerals Produces 7,873 ounces of gold in July 2019

RNC Minerals (TSX: RNX) is pleased to announce that gold producti... READ MORE

August 21, 2019

Bluestone Drilling Delivers 13.7 meters grading 11.2 g/t Au & 78 g/t Ag (13.1 meters true width)

Bluestone Resources Inc. (TSX-V: BSR) (OTCQB: BBSRF) is pleased t... READ MORE

August 21, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions