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VANCOUVER, British Columbia, Could 24, 2022 (GLOBE NEWSWIRE) — Gold Fields Nazca Holdings Inc. (“GFNH”), a wholly-owned oblique holding subsidiary of Gold Fields Restricted, proclaims that it has bought (the “Funding”) 8,140,909 items (the “Items”) of Chakana Copper Corp. (“Chakana”) on Could 20, 2022. Every Unit consisted of 1 widespread share (a “Frequent Share”) and one-half of 1 Frequent Share buy warrant (every entire Frequent Share buy warrant, a “Warrant”) at a value of C$0.11 per Unit for whole gross proceeds to Chakana of $895,500. The Warrants are exercisable at a value of C$0.20 per Frequent Share for a interval of 24 months.
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Instantly previous to the completion of the Providing, GFNH had possession of twenty-two,270,791 Frequent Shares, representing 19.9% of the entire issued and excellent Frequent Shares of Chakana.
On completion of the Providing, GFNH acquired possession of a further 8,140,909 Frequent Shares and 4,070,454 Warrants, leading to GFNH’s possession in Chakana growing to 30,411,700 Frequent Shares and 4,070,454 Warrants, representing helpful possession of and management over 19.3% of the entire issued and excellent Frequent Shares on a non-diluted foundation, and 21.3% on a partially-diluted foundation (assuming train of all 4,070,454 Warrants held by GFNH).
GFNH acquired the Items for funding functions. GFNH will proceed to observe the enterprise, prospects, monetary situation and potential capital necessities of Chakana. Relying on its analysis of those and different elements, and topic to sure professional rata participation rights and a most possession share restrict of presently 19.9% of the issued and excellent Chakana Shares as set out within the Funding Settlement, GFNH could once in a while sooner or later improve or lower its direct or oblique possession, management or path over the Frequent Shares or different securities of Chakana by means of market transactions, personal agreements, subscriptions from treasury or in any other case, and will once in a while have interaction in discussions with, or make proposals to, Chakana or different third events concerning any of the issues listed in paragraphs (a) by means of (ok) of Merchandise 5 of Type NI 62-103F1 – Required Disclosure beneath the Early Warning Necessities of the Canadian Securities Directors.
An early warning report in respect of the Funding can be filed beneath Chakana’s profile on SEDAR at www.sedar.com, and can also be obtained by contacting the individuals named under.
Phone: +27 11 562 9763
Cell: +27 83 260 9279
Phone: +27 11 562 9775
Cell: +27 82 312 8692
Phone: +27 11 562 9849
Cell: +27 72 493 5170
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