Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Classified Sites

The Canadian Press - ONLINE EDITION

Waterton Group announces 'final' extension of bid for Chaparral Gold

TORONTO - A precious metals fund managed by the Waterton Group announced Wednesday the "final extension" of its offer to acquire all of the outstanding common shares of Chaparral Gold Corp. (TSX:CHL).

Waterton said the offer of 50 cents per share, which values Chaparral at about $58.8 million, has been extended until 5 p.m. eastern time on July 17. All other conditions remain unchanged.

"Except as required by applicable securities laws, Waterton Precious Metals Bid Corp. does not intend to extend the offer beyond July 17, 2014, unless at or by that date all conditions of the offer have been satisfied," it said in a news release.

Chaparral Gold has repeatedly rejected the Waterton bid, saying it would pursue value enhancing alternatives that were in the best interests of shareholders.

Its shares were unchanged at 52 cents Wednesday on the Toronto Stock Exchange

Chaparral is a Nevada-focused precious metals company actively permitting its 100 per cent owned Gemfield deposit at the Goldfield property in central Nevada. In addition, Chaparral holds a 100 per cent interest in the advanced-stage Converse property, also in Nevada.

The precious metals fund is managed by Waterton Global Resource Management, a mining-focused private equity money manager based in Toronto.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.


Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates