Chesapeake Gold Corp. (TSXV: CKG | OTCQX: CHPGF) has completed a vertical short-form amalgamation pursuant to the Business Corporations Act (British Columbia) effective 1 January 2024, with the company’s wholly owned subsidiary, American Gold Capital Corporation.
Pursuant to the amalgamation, the resulting company has adopted the name “Chesapeake Gold Corp.”, maintained the same articles and management as the company, issued no securities, the CUSIP for the common shares remains the same and the symbol “CKG” on the TSX Venture Exchange and the symbol “CHPGF” on the OTCQX remain unchanged.
Chesapeake Gold Corp. is a company focused on the discovery, acquisition, and development of major gold-silver deposits in the Americas. Chesapeake’s flagship asset is the Metates Project located in the Durango state of Mexico.
Metates hosts one of the largest undeveloped gold-silver deposits in the Americas with over 16.77Moz of gold at 0.57g/t and 423.2Moz of silver at 14.3g/t within 921.2Mt in the measured and indicated mineral resource category and a further 2.13Moz of gold at 0.47g/t and 59.0Moz of silver at 13.2g/t within 139.5Mt in the inferred mineral resource category.
Prior to completion, the company had affected the continuance of Metates Resources Ltd. (formerly Metates Mining Enterprises LLC), a wholly owned subsidiary of American Gold, from Delaware, USA to British Columbia, Canada. Following completion of the amalgamation, the company now holds Metates Resources directly, which in turn holds the shares of the company’s Mexican subsidiaries without an intervening US subsidiary. This provides for a more streamlined corporate structure in which the company also holds directly its 68% shareholding in its partially owned subsidiary, Gunpoint Exploration Ltd. (TSXV: GUN).
The company has filed the Certificate of Amalgamation evidencing the completion of the amalgamation on SEDAR+.
For further information, please visit: www.chesapeakegold.com
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