Chesapeake Gold Announces Stock Option Grant
Chesapeake Gold Announces Stock Option
Grant
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2023) - Chesapeake Gold Corp. (TSXV:
CKG) (OTCQX: CHPGF) ("
Chesapeake
" or the "
Company
") is pleased to announce the grant of stock
options under its Stock Option Plan to Mr. Jean-Paul Tsotsos in relation to his appointment as Interim
Chief Executive Officer (previously announced by news release dated October 25, 2023) to purchase an
aggregate of 200,000 common shares of the Company at an exercise price of C$2.20 per share for a
five-year term expiring December 4, 2028. The options will vest and be exercisable on the basis of 25%
annually, commencing December 4, 2024, the first anniversary of the date of the grant.
About Chesapeake
Chesapeake Gold Corp. is focused on the discovery, acquisition, and development of major gold-silver
deposits in North and South America. Chesapeake's flagship asset is the Metates Project ("
Metates
"),
located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver deposits in
the Americas
[1]
.
Chesapeake has an organic pipeline of satellite exploration properties strategically located near
Metates, including the new gold discovery at its Lucy project (see news release dated October 3, 2023).
In addition, the Company owns 68% of Gunpoint Exploration Ltd., which owns the Talapoosa gold-silver
project in Nevada.
For Further Information:
For more information on Chesapeake and its Metates Project, please visit our website at
www.chesapeakegold.com
or contact Jean-Paul Tsotsos at
or +1 778
731 1362.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
[1]
Mexico's biggest undeveloped gold deposits. Bnamericas. Published Tuesday, November 24, 2020.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/189921