Gold Fields subsidiary plans to buy stock in Peru-focused mining company
TSX-V-listed Chakana Copper Corporation has announced a private placement of up to 63-million units of the company at a price of C$0.11 apiece, for gross proceeds of up to C$7-million.
Each unit will comprise one common share in the capital of the company and one-half of one common share purchase warrant.
Each warrant entitles the holder to buy an additional share at a price of C$0.20 apiece, for two years from the closing of the private placement.
An indirect subsidiary of South Africa-headquartered gold miner Gold Fields, Gold Fields Nazca Holdings, has stated its intention to participate in the financing.
Chakana will use the proceeds for exploration and development activity on the copper/gold/silver Soledad project, located in the Ancash region of Peru, as well as for working capital purposes.
As of January 11, the project had an inferred resource hosting 191 000 oz of gold, 11.7-million ounces of silver and 130-million pounds of copper in seven tourmaline breccia pipes.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation