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Chesapeake Gold Announces $10.0 Million Bought Deal Public Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / January 12, 2026 / Chesapeake Gold Corp. (TSXV:CKG) ("Chesapeake" or the "Company") is pleased to announce that the ...
About this update from Chesapeake Gold Corp.
[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":98,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / January 12, 2026 / Chesapeake Gold Corp. (TSXV:CKG) ("Chesapeake" or the "Company") is pleased to announce that the Company has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud"), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale 2,380,953 units of the Company (each, a "Unit") at a price of $4.20 per Unit (the "Offering Price") on a "bought deal" basis for gross proceeds of $10,000,002.60 (the "Underwritten Offering").","length":693,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $5.65 at any time on or before that date which is 36 months following the Closing Date (as defined herein).","length":383,"tagName":"p"},{"type":"text","content":"The Company has granted to the Underwriters an option (the "Over-Allotment Option", and together with the Underwritten Offering, the "Offering"), exercisable in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to purchase for resale at the Offering Price additional Units equal to up to 15% of the number of Units sold pursuant to the Underwritten Offering at the Offering Price to cover over-allotments, if any, and for market stabilization purposes.","length":520,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering to advance the Company's proprietary oxidative leach technology, the Metates project, the Lucy project and for general working capital.","length":201,"tagName":"p"},{"type":"text","content":"In connection with the Offering, the Company intends to file a prospectus supplement (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated February 23...