23:26:32 EDT Wed 22 May 2019
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Chimata Gold Corp (2)
Symbol C : CAT
Shares Issued 50,422,310
Close 2019-01-24 C$ 0.07
Recent Sedar Documents

Chimata Gold now holds 16.95% of Emgold

2019-01-29 17:58 ET - News Release

Mr. Richard Groome reports


Chimata Gold Corp., as a result of the completion of the sale of the Troilus North property to Emgold Mining Corp. and pursuant to which Emgold acquired a 100-per-cent interest in the Troilus North property in exchange for cash and common shares of the company, now holds in aggregate six million common shares of Emgold.

Prior to the transaction, Chimata did not have ownership of any securities of Emgold. At present, following share issuances by Emgold made subsequent to the transaction, Chimata owns an approximate 16.95-per-cent interest in Emgold.

The Emgold shares acquired will be held for investment purposes. Chimata may, depending on market and other conditions, dispose of its beneficial ownership of the Emgold shares, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

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