Key Developments For Chesapeake Gold Corp.
Chesapeake Gold Corp. Consolidates New Significant Mining District In Veracruz, Mexico
Chesapeake Gold Corp. announced that it has acquired through purchase, joint venture and staking the Tatatila project, a large, unexplored precious metal and polymetallic mining district in Veracruz state, Mexico.
Chesapeake Gold Corp. Acquires Santo Domingo Gold Project In Nicaragua
Chesapeake Gold Corp. announced that it has entered into an agreement to acquire the Santo Domingo gold project in central Nicaragua. Chesapeake has agreed to make staged payments totalling $3.0 million over four years to acquire Santo Domingo. The Coop retains a 2.5% NSR that can be purchased in instalments totaling $5 million at any time. Chesapeake can terminate the contract unilaterally at any time without further obligations to the Coop.
Goldcorp Inc. Announces Shareholdings In Chesapeake Gold Corp.
Chesapeake Gold Corp: Goldcorp Inc. announced that, as a result of the completion of the plan of arrangement between Chesapeake Gold Corp. and American Gold Capital Corporation, it has acquired, in exchange for its 3,750,000 common shares of American Gold, an additional 1,087,500 common shares of Chesapeake, representing approximately 3.77% of the issued and outstanding common shares of Chesapeake, 543,750 common share purchase warrants of Chesapeake, representing approximately 12.06% of the issued and outstanding common share purchase warrants of Chesapeake, and 108,750 class A, series 1 restricted voting shares of Chesapeake, which provide rights of conversion on certain conditions, approximately 12.06% of the issued and outstanding class A, series 1 restricted voting shares of Chesapeake. Goldcorp owns 1,975,170 common shares of Chesapeake, approximately 6.85% of the issued and outstanding common shares of Chesapeake as well as common share purchase warrants entitling it to acquire an additional 543,750 common shares of Chesapeake at a price of $8.00 per share until February 23, 2012 and class A, series one restricted voting shares of Chesapeake entitling it to acquire additional common shares of Chesapeake.
American Gold Capital Corporation and Chesapeake Gold Corp. Announce Completion of Business Combination
Chesapeake Gold Corp. and American Gold Capital Corporation announced that the previously reported statutory plan of arrangement (the "Arrangement") involving American Gold, its shareholders, 0769783 B.C. Ltd. (a wholly owned subsidiary of Chesapeake) and Chesapeake was completed on February 23, 2007. As previously announced, under the Arrangement, Chesapeake has issued for every outstanding share of American Gold (i) 0.29 Chesapeake common shares, (ii) 0.145 Chesapeake common share purchase warrants ("Chesapeake Warrants") and (iii) 0.029 Chesapeake Class A, Series 1 Restricted Voting shares (the "Chesapeake Series 1 Class A Shares" and, together with the Chesapeake common shares and Chesapeake Warrants issued by Chesapeake, the "Chesapeake Securities"). Pursuant to the Arrangement, Chesapeake issued a total of 9,020,602 Chesapeake common shares, 902,060 Chesapeake Series 1 Class A Shares and Chesapeake Warrants to acquire a total of 4,510,301 additional Chesapeake common shares. Following such issuance, Chesapeake has a total of 28,851,697 common shares issued and outstanding. )
Chesapeake Gold Corp. and American Gold Announce Closing Date To Complete Business Combination
Chesapeake Gold Corp. and American Gold Capital Corporation announced that the have set the closing date of the statutory plan of arrangement for February 23, 2007, further to all shareholder, court and regulatory approvals required for the completion of the transaction being obtained.
