VANCOUVER, Feb. 10 /CNW/ - AMERIGO RESOURCES LTD. (Vancouver, British
Columbia) announces that it has acquired beneficial ownership of 25.6 million
common shares of Chariot Resources Limited ("Chariot") and 11,532,000 share
purchase warrants of Chariot. Each share purchase warrant entitles Amerigo to
acquire an additional common share of Chariot at a price of $0.35 per share
until December 22, 2006. The common shares and warrants acquired represent
approximately 19.2% of Chariot's 193,965,147 issued and outstanding common
shares, which amount includes common shares issuable on the exercise of the
warrants.
Immediately following the acquisition, Amerigo owns 26,643,000 common
shares of Chariot and 11,532,000 share purchase warrants of Chariot,
representing approximately 19.7% of Chariot's issued and outstanding common
shares, which percentage includes common shares issuable on the exercise of
the warrants.
The common shares and warrants of Chariot were acquired through the
facilities of the Toronto Stock Exchange on February 10, 2006. Amerigo has
purchased these securities for investment purposes. Amerigo believes in the
potential of Chariot and its Marcona Copper Project in Southern Peru. Amerigo
is supportive of Chariot's Board and Management and hopes that it can make a
contribution to the successful development of this project. Amerigo currently
has no future intention to acquire beneficial ownership of any additional
securities of Chariot.
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Amerigo Resources Ltd. is a Canadian junior company producing copper and
molybdenum from its MVC operations near Santiago, Chile. Tel: (604) 681-2802;
Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX
The Toronto Stock Exchange has not reviewed nor accepted responsibility
for the adequacy or accuracy of the contents of this news release, which has
been prepared by management. Statements contained in this news release that
are not historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties which could cause actual
results to differ materially from estimated results. Such risks and
uncertainties are detailed in the Company's filings with the TSX and on SEDAR.
Forward-looking statements are based on the beliefs, estimates and opinions of
the Company's management on the date the statements are made. The Company
undertakes no obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors, should change.
