Business
Chesapeake Gold Completes Acquisition of Alderley Gold Corp. Appointments of Directors and Officers
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2021) -  Chesapeake Gold Corp....
About this update from Chesapeake Gold Corp.
[{"type":"text","content":"Chesapeake Gold Completes Acquisition of Alderley Gold Corp. Appointments of Directors and OfficersVancouver, British Columbia--(Newsfile Corp. - January 20, 2021) -  Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (\"Chesapeake\" or the \"Company\") is pleased to announce that it has completed the acquisition of Alderley Gold Corp. (\"Alderley\"), a private British Columbia mining technology company on the terms as previously announced by news release on December 10, 2020. With the acquisition of Alderley, Chesapeake gains access to an innovative precious metals oxidation processing technology (the \"Technology\") together with certain asset rights and proprietary databases, creating the path towards a new growth oriented and innovative gold and silver producer. Chesapeake will now focus on progressing the Metates project towards production using the Technology in a heap leach operation.Management and Board of Directors Changes and AdditionsFurther to completion of the acquisition of Alderley, Mr. Alan Pangbourne has been appointed Chief Executive Officer and a director of Chesapeake, and Mr. Randy Buffington has joined the Board as a director. Mr. Taje Dhatt has been appointed Vice President, Corporate Strategy and Development. Mr. Randy Reifel will continue as President and Chairman of Chesapeake's Board. In conjunction with the reorganization of the Company, Messrs. Gerald Sneddon and Greg Smith have stepped down from the Board of Directors, and Mr. Sneddon has also resigned as Executive Vice President Operations.Randy Reifel, President, commented: \"Gerry has been a great friend and as one of Chesapeake's founders, we truly recognize his dedication, leadership and contributions since inception. I would also like to thank Greg Smith for his sound financial expertise and industry knowledge provided to the Board.\"Mr. Derek Green and Mr. Doug Flegg have been appointed to the Board of Directors to fill the two vacancies created by the departure of Messrs. Sneddon and Smith. Mr. Green was formerly the President and CEO of CI Investments one of Canada's largest investment fund companies. During his 23 year tenure, assets under management grew from $2 billion to $107 billion. Mr. Flegg has over 30 years experience in mining finance, including positions in global equity sales and as a strategic advisor. During 2005-2015, Mr. ...