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Shareholders who have already validly deposited and not withdrawn their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and not withdrawn, together with the shares owned by the offeror and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.
We seek Safe Harbor.
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