10:31:32 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Chaparral Gold Corp
Symbol CHL
Shares Issued 117,716,376
Close 2014-07-28 C$ 0.54
Market Cap C$ 63,566,843
Recent Sedar Documents

Chaparral Gold suitor Waterton reiterates final offer

2014-07-29 14:03 ET - News Release

An anonymous director of Waterton reports

WATERTON REITERATES BEST AND FINAL OFFER AND REMINDS CHAPARRAL SHAREHOLDERS TO TENDER PRIOR TO EXPIRY TIME ON JULY 31, 2014

Waterton Precious Metals Fund II Cayman LP and Waterton Precious Metals Bid Corp. are reminding Chaparral Gold Corp. shareholders to tender prior to the expiry time of 5 p.m. (Toronto time) on July 31, 2014, to the previously announced cash offer dated Feb. 19, 2014, to acquire all of the outstanding common shares of Chaparral not already held by it and its affiliates for 55 cents in cash per share.

Waterton would like to reiterate to shareholders that the offer, which was increased to 55 cents in cash per share on July 17, 2014, is Waterton's best and final offer. Waterton does not intend to extend the expiry time of the offer.

The consideration under the offer represents a premium of approximately 34.8 per cent based on the volume-weighted average price of the shares on the Toronto Stock Exchange for the 20 trading days ended Feb. 14, 2014, and a premium of approximately 26.4 per cent over the closing price of the shares on the TSX on Feb. 14, 2014.

Shareholders who have already validly deposited and not withdrawn their shares need to take no further action to accept the offer and receive the increased consideration.

The offeror has also waived the minimum deposit condition under the offer, which previously required that the shares deposited to the offer and not withdrawn, together with the shares owned by the offeror and its affiliates, equal at least two-thirds of the shares on a fully diluted basis.

Waterton encourages shareholders of Chaparral and other interested parties to read the offer and takeover bid circular and other materials relating to the offer that have been filed by Waterton with the securities regulatory authorities in Canada, which are available at SEDAR, as they contain important information. These materials may be obtained without charge from Kingsdale Shareholder Services, the depositary and information agent for the offer, by contacting the firm at 1-877-659-1818 (North American toll-free) or 1-416-867-2272 (outside North America). For assistance in depositing shares to the offer, Chaparral shareholders should contact Kingsdale Shareholder Services, the depositary and information agent for the offer, at 1-877-659-1818 (North American toll-free) or 1-416-867-2272 (outside North America). Investors can also e-mail Kingsdale Shareholder Services.

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