Business
Acquisition of Additional Common Shares of Chariot Resources Limited
Acquisition of Additional Common Shares of Chariot Resources Limited.
About this update from Amerigo Resources Ltd
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, July 7 /CNW/ - Amerigo Resources Ltd. (TSX:ARG) announces that\nit has acquired beneficial ownership of an additional 5,169,500 common shares\n(the \"Additional Shares\") of Chariot Resources Limited (\"Chariot\"). Amerigo\nnow currently owns 31,812,500 common shares of Chariot and 11,532,000 share\npurchase warrants (the \"Warrants\") of Chariot. The additional 5,169,500 common\nshares of Chariot represent 2.145% of Chariot's 240,990,540 issued and\noutstanding common shares, and Amerigo's aggregate holdings in Chariot\nrepresent 17.986% of Chariot's issued and outstanding common shares (in both\ncases, assuming the exercise of the Warrants).\nAll but 220,000 of the Additional Shares were acquired through the\nfacilities of the Toronto Stock Exchange. The 220,000 shares were purchased in\na private transaction on February 16, 2006, 94,500 at $0.38 and 125,500 at\n$0.37. Amerigo has purchased the Additional Shares in Chariot for investment\npurposes. Amerigo believes in the potential of Chariot and its Marcona Copper\nProject in Southern Peru. Amerigo is supportive of Chariot's Board and\nManagement and hopes that it can make a contribution to the successful\ndevelopment of this project. Amerigo may acquire beneficial ownership of\nadditional securities of Chariot in the future.\n\nAmerigo Resources Ltd. is a Canadian copper and molybdenum producing\ncompany with operations near Santiago, Chile. Tel: (604) 681-2802; Fax: \n(604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX\n\nThe Toronto Stock Exchange has not reviewed nor accepted responsibility\nfor the adequacy or accuracy of the contents of this news release, which has\nbeen prepared by management. Statements contained in this news release that\nare not historical facts are forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. Such forward-looking\nstatements are subject to risks and uncertainties which could cause actual\nresults to differ materially from estimated results. Such risks and\nuncertainties are detailed in the Company's filings with the TSX and on SEDAR.\nForward-looking statements are based on the beliefs, estimates and opinions of\nthe Company's management on the date the statements are made. The Company\nundertakes no obligation to update these forward-looking statements if\n...