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Chesapeake Gold Completes Sale of Tatatila Project for 14.99% of Mexican Gold
Newsfile· 2025-11-12 23:30
Core Points - Chesapeake Gold Corp has completed the sale of its Tatatila gold-copper project in Veracruz, Mexico to Mexican Gold Mining Corp, acquiring 4,451,361 common shares, representing 14.99% of Mexican Gold's outstanding shares [1][2] - In addition to the shares, Chesapeake received a 1.5% net smelter return royalty, which Mexican Gold can repurchase for U.S.$500,000 within ten years [2] - The acquired shares are subject to a lock-up period, with 25% being released every six months, fully releasing the shares after 2.5 years [3] Company Actions - Chesapeake acquired the shares for investment purposes and will monitor Mexican Gold's business and financial condition, with potential plans to acquire or sell additional securities in the future [4] - An early warning report regarding the transaction will be filed on SEDAR+ [5] Company Overview - Chesapeake Gold's flagship asset is the Metates Project in Durango State, Mexico, which contains over 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category [6]
Mexican Gold Acquires Tatatila Project in Mexico
Newsfile· 2025-11-12 23:30
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - Mexican Gold Mining Corp. (TSXV: MEX) (OTCQB: MEXGF) (the "Company" or "Mexican Gold") is pleased to announce that, pursuant to a mining concessions assignment agreement (the "Assignment Agreement") between the Company and its subsidiary, Roca Verde Exploración de México, S.A. de C.V. ("Roca Verde"), with Chesapeake Gold Corp. ("Chesapeake") and its subsidiaries Minerales El Prado, S.A. de C.V. ("MEP") and Chesapeake México, S.A. de C.V. ( ...
Mexican Gold Signs Definitive Agreement to Acquire Tatatila Project in Mexico
Newsfile· 2025-10-01 10:00
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Mexican Gold Mining Corp.  (TSXV: MEX) (OTCQB: MEXGF) (the "Company" or "Mexican Gold") is pleased to announce that the Company and its subsidiary, Roca Verde Exploración de México, S.A. de C.V. ("Roca Verde"), have entered into a mining concessions assignment agreement (the "Assignment Agreement") with Chesapeake Gold Corp. ("Chesapeake") and its subsidiaries Minerales El Prado, S.A. de C.V. ("MEP") and Chesapeake México, S.A. de C.V. ("Che ...
Chesapeake Gold Announces Sale of Tatatila Project
Newsfile· 2025-10-01 10:00
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces that it has entered into a definitive agreement to sell its Tatatila gold-copper project ("Tatatila") located in Veracruz State, Mexico to Mexican Gold Mining Corp. (TSXV: MEX) (OTCQB: MEXGF) ("Mexican Gold") in exchange for such number of common shares of Mexican Gold representing 14.99% of the outstanding common shares of Mexican Gold at closing (the ...