Chesapeake Gold Announces Filing of Prospectus Supplement in Connection with Previously Announced $15 Million Bought Deal Public Offering

Core Viewpoint - Chesapeake Gold Corp. has filed a prospectus supplement to qualify the public distribution of 3,751,500 units at an offering price of $4.20 per unit, aiming for gross proceeds of $15,000,300 in a bought deal public offering [1][6]. Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $5.65 within 36 months following the closing date [2]. - The offering is conducted under an underwriting agreement with Red Cloud Securities Inc. as the lead underwriter and Cantor Fitzgerald Canada Corporation as a joint bookrunner [3]. - The underwriters have an option to purchase up to an additional 535,725 units to cover over-allotments within 30 days after the closing date [4]. Financial Terms - The company will pay the underwriters a cash fee of 6% of the gross proceeds, reduced to 2% for certain purchasers on the president's list [5]. - The underwriters will also receive non-transferable broker warrants to purchase common shares equal to 6% of the total units issued, with similar reductions for the president's list [5]. Closing and Regulatory Approval - The offering is expected to close around January 27, 2026, pending necessary regulatory approvals, including from the TSX Venture Exchange [6]. Company Overview - Chesapeake Gold Corp.'s flagship asset is the Metates Project in Durango State, Mexico, which hosts over 16.77 million ounces of gold and 423.2 million ounces of silver in the measured and indicated mineral resource category [11].