Chakana Copper Completes C$8 Million Private Placement with Gold Fields

- May 13th, 2019

Chakana Copper has completed a C$8 million private placement with Gold Fields, after which the company acquired a 16.14 percent interest in Chakana.

Chakana Copper (TSXV:PERU,OTCQB:CHKKF) has completed a C$8 million private placement with Gold Fields Nazca Holdings, a subsidiary of Gold Fields (NYSE:GFI), after which the company acquired a 16.14 percent interest in Chakana.

As stated in the press release:

The private placement involved the issue of 15,686,275 common shares of the company at a price of $0.51 per Chakana share for total gross proceeds of C$8,000,000.

The net proceeds of the financing will be used to advance the exploration and development of the company’s expanded Soledad copper-gold project in central Peru. All securities issued in the financing will be subject to a statutory four month hold period.

Click here to read the full press release from Chakana Copper.

Find out what experts are saying about the future of cannabis

 
Read our new report today
 

Get the latest Copper Investing stock information

Get the latest information about companies associated with Copper Investing Delivered directly to your inbox.

Copper Investing

Select All
Select None

Leave a Reply

Your email address will not be published. Required fields are marked *