B.C. Court Approves Chaparral Gold's Amended Plan of Arrangement
February 05 2015 - 5:05PM
Chaparral Gold Corp. ("Chaparral") (TSX:CHL) provides an update
with respect to the January 27, 2015 amendment to the plan of
arrangement transaction (the "Amended Arrangement") with Waterton
Precious Metals Fund II Cayman, LP ("Fund II)" and Waterton
Precious Metals Bid Corp ("Waterton"), as announced in a joint news
release issued on January 27, 2015.
The Supreme Court of British Columbia has today approved the
Amended Arrangement and subject to the satisfaction of customary
conditions to closing, it is expected that the transaction will be
completed on or about February 18, 2015 at the previously-agreed
consideration of C$0.61 in cash per Chaparral share.
About Chaparral Gold
Chaparral is a Nevada-focused precious metals company currently
in the permitting phase at the 100%-owned Gemfield deposit at the
Goldfield property in central Nevada. In addition to the Goldfield
property, Chaparral holds a 100% interest in the Converse property,
also located in Nevada.
For additional information, contact:
In North America: |
|
Nick Appleyard |
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Tel: 1 480 483
9932 |
|
|
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Or e-mail the Company
at: info@chaparralgold.com |
Web Site: www.chaparralgold.com |
Cautionary Statements:
Some of the statements contained in this release are
"forward-looking statements" within the meaning of Canadian
securities law requirements. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, performance or achievements to
differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking
statements. Forward-looking statements in this release include the
closing of the proposed plan of arrangement. Factors that could
cause actual results to differ materially from anticipated results
include risks and uncertainties such as risks relating to whether
or not the approved plan of arrangement is ultimately concluded,
The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
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