SCOTTSDALE, Ariz., Feb. 5, 2015 (GLOBE NEWSWIRE) -- Chaparral Gold Corp. ("Chaparral") (TSX:CHL) provides an update with respect to the January 27, 2015 amendment to the plan of arrangement transaction (the "Amended Arrangement") with Waterton Precious Metals Fund II Cayman, LP ("Fund II)" and Waterton Precious Metals Bid Corp ("Waterton"), as announced in a joint news release issued on January 27, 2015.
The Supreme Court of British Columbia has today approved the Amended Arrangement and subject to the satisfaction of customary conditions to closing, it is expected that the transaction will be completed on or about February 18, 2015 at the previously-agreed consideration of C$0.61 in cash per Chaparral share.
About Chaparral Gold
Chaparral is a Nevada-focused precious metals company currently in the permitting phase at the 100%-owned Gemfield deposit at the Goldfield property in central Nevada. In addition to the Goldfield property, Chaparral holds a 100% interest in the Converse property, also located in Nevada.
For additional information, contact:
|In North America:|
|Tel: 1 480 483 9932|
|Or e-mail the Company at: firstname.lastname@example.org||Web Site: www.chaparralgold.com|
Some of the statements contained in this release are "forward-looking statements" within the meaning of Canadian securities law requirements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include the closing of the proposed plan of arrangement. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as risks relating to whether or not the approved plan of arrangement is ultimately concluded, The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source:Chaparral Gold Corp.