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Chesapeake Gold Announces Closing of $17.2 Million Bought Deal Public Offering (Over-Allotment Option Exercised in Full) and $2.8 Million Non-Brokered Private Placement with Participation by Eric Sprott
TMX Newsfile· 2026-01-27 19:56
Core Viewpoint - Chesapeake Gold Corp. has successfully completed a bought deal public offering, raising a total of $17,250,345 through the sale of 4,107,225 units at a price of $4.20 per unit, including the full exercise of the over-allotment option [1][6]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each full warrant allowing the purchase of one common share at a price of $5.65 until January 27, 2029 [2]. - The offering was led by Red Cloud Securities Inc. and included a cash commission of $993,126.37 paid to the underwriters, along with the issuance of 236,458 compensation warrants [3]. - The offering was completed under a prospectus supplement dated January 14, 2026, and was filed with securities regulatory authorities in Canada and the United States [4]. Group 2: Related Party Transactions - Insiders of the company purchased a total of 39,931 units, which is classified as a related party transaction under TSX-V Policy 5.9 and MI 61-101 [5]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements, as the transaction did not exceed 25% of the company's market capitalization [5]. Group 3: Non-Brokered Private Placement - The company completed a non-brokered private placement with 2176423 Ontario Ltd., raising gross proceeds of $2,877,000 through the sale of 685,000 units at the same price of $4.20 per unit [6]. - The total gross proceeds from both offerings amounted to $20,127,345 [6]. Group 4: Use of Proceeds - The net proceeds from the offerings are intended to advance the company's proprietary oxidative leach technology, the Metates project, the Lucy project, and for general working capital [9]. Group 5: Company Overview - Chesapeake Gold Corp.'s flagship asset is the Metates Project in Durango State, Mexico, which hosts one of the largest undeveloped gold-silver deposits in the Americas, with over 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category [12].
Chesapeake Confirms No Material Change
TMX Newsfile· 2025-12-22 20:23
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces that at the request of CIRO, Chesapeake wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.For Further Information:Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Ve ...
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 ...