Business
Acquisition of Common Shares and Warrants of Chariot Resources Limited
Acquisition of Common Shares and Warrants of Chariot Resources Limited.
About this update from Amerigo Resources Ltd
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Feb. 10 /CNW/ - AMERIGO RESOURCES LTD. (Vancouver, British\nColumbia) announces that it has acquired beneficial ownership of 25.6 million\ncommon shares of Chariot Resources Limited (\"Chariot\") and 11,532,000 share\npurchase warrants of Chariot. Each share purchase warrant entitles Amerigo to\nacquire an additional common share of Chariot at a price of $0.35 per share\nuntil December 22, 2006. The common shares and warrants acquired represent\napproximately 19.2% of Chariot's 193,965,147 issued and outstanding common\nshares, which amount includes common shares issuable on the exercise of the\nwarrants.\nImmediately following the acquisition, Amerigo owns 26,643,000 common\nshares of Chariot and 11,532,000 share purchase warrants of Chariot,\nrepresenting approximately 19.7% of Chariot's issued and outstanding common\nshares, which percentage includes common shares issuable on the exercise of\nthe warrants.\nThe common shares and warrants of Chariot were acquired through the\nfacilities of the Toronto Stock Exchange on February 10, 2006. Amerigo has\npurchased these securities for investment purposes. Amerigo believes in the\npotential of Chariot and its Marcona Copper Project in Southern Peru. Amerigo\nis supportive of Chariot's Board and Management and hopes that it can make a\ncontribution to the successful development of this project. Amerigo currently\nhas no future intention to acquire beneficial ownership of any additional\nsecurities of Chariot.\n\n ----------------------------------------\n\nAmerigo Resources Ltd. is a Canadian junior company producing copper and\nmolybdenum from its MVC operations near Santiago, Chile. Tel: (604) 681-2802;\nFax: (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...