Key Developments: Chalice Gold Mines Ltd (CHN.AX)

CHN.AX on Australia Stock Exchange

19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Chalice Gold Mines Ltd And Coventry Resources Inc Agrees To Extend Due Diligence Condition Precedent
Friday, 11 Oct 2013 01:54am EDT 

Chalice Gold Mines Limited and Canadian gold developer Coventry Resources Inc announced that, in relation to the proposed merger by Statutory Plan of Arrangement between the two companies announced on September 30, 2013, the parties have agreed to extend the 14 day due diligence period by a further 21 days. The due diligence period will now end on or before November 2, 2013. A revised indicative timetable to complete the merger will be detailed upon executing an Arrangement Agreement.  Full Article

Chalice Gold Mines Ltd And Canadian Gold Developer Coventry Resources Inc To Merge
Monday, 30 Sep 2013 09:48am EDT 

Chalice Gold Mines Ltd (Chalice) and Canadian gold developer Coventry Resources Inc. (Coventry) announced that they have agreed to merge the two companies by way of a Statutory Plan of Arrangement (Merger) under the British Columbia Business Corporations Act. The proposed merger will combine Chalice's cash position of AUD55 million (see Appendix B) with Coventry's 100% interest in the Cameron Gold Camp in Ontario, Canada (see Appendix A). Chalice and Coventry have executed a binding term sheet for the proposed merger and expect to execute an Arrangement Agreement shortly. The proposed transaction represents the step in Chalice's stated strategy of acquiring resource assets capable of generating cash flow. The structure of the transaction will preserve Chalice's cash position while giving Coventry shareholders exposure to a well-funded resource company with a technical capability and clear growth strategy. Under the proposed Merger, Coventry shareholders will receive 1 Chalice Share for every 1.78 Coventry Shares and will hold approximately 17% of the merged company. Other security classes, comprising options and warrants, are to be exercised by the holder, converted to Chalice options and/or warrants or purchased by Chalice as may be agreed between the option and warrant holders and Chalice. Further details will be provided in the Arrangement Agreement (AA) which is expected to be executed by October 18, 2013.  Full Article

Chalice Gold Mines Ltd Not To Pay Dividend
Thursday, 26 Sep 2013 11:06pm EDT 

Chalice Gold Mines Ltd announced that the directors recommend that no dividend be paid.  Full Article

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