Chakana Completes CDN$8 Million Strategic Investment from GOLD Fields Limited
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
NEWS RELEASE
CHAKANA COMPLETES CDN$8 MILLION STRATEGIC INVESTMENT
FROM GOLD FIELDS LIMITED
Vancouver, B.C., May 13, 2019 – Chakana Copper Corp . (“Chakana” or the “Company”) (TSX-V:
PERU; OTCQB: CHKKF; FWB: 1ZX) is pleased to announce that it has completed the pr eviously
announced private placement with Gold Fields Nazca Holdings Inc., a group company of Gold Fields
Limited, (“Gold Fields”) (NYSE: GFI), pursuant to w hich a wholly-owned subsidiary of Gold Fields has
acquired a 16.14% interest in the Company. The priv ate placement involved the issue of 15,686,275
common shares of the Company (the “Chakana Shares”) at a price of $0.51 per Chakana Share for total
gross proceeds of CDN$8,000,000 (the “Financing”).
The net proceeds of the Financing will be used to a dvance the exploration and development of the
Company's expanded Soledad copper-gold project in C entral Peru. All securities issued in the Financing
will be subject to a statutory four month hold period.
For additional details on the Financing please refer to the Company’s news release of April 29, 2019.
This news release does not constitute an offer to s ell or a solicitation of an offer to buy any of the
securities described in this news release in the Un ited States. Such securities have not been, and wil l not
be, registered under the United States Securities A ct of 1933, as amended (the “U.S. Securities Act”), or
any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for
the account or benefit of persons in the United Sta tes or "U.S. Persons", as such term is defined in
Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Ac t
and applicable state securities laws or pursuant to an exemption from such registration requirements.
ON BEHALF OF THE BOARD
(signed) “ David Kelley ”
David Kelley
President and CEO
For further information contact:
Michelle Borromeo, Manager – Corporate Communicatio ns
Phone: 604-715-6845
Email: [email protected]
Neither TSX Venture Exchange (the “Exchange”) nor i ts Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statemen ts, including relating to the use of the net procee ds
from the Financing, and other statements that are not historical facts. Forward-looking statements are often
identified by terms such as "will", "may", "should" , "anticipate", "expects" and similar expressions. All
statements other than statements of historical fact included in this release are forward-looking state ments
that involve risks and uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those anticipated in such
statements.
The reader is cautioned that assumptions used in th e preparation of any forward-looking information ma y
prove to be incorrect. Events or circumstances may cause actual results to differ materially from thos e
predicted, as a result of numerous known and unknow n risks, uncertainties, and other factors, many of
which are beyond the control of the Company. The re ader is cautioned not to place undue reliance on an y
forward-looking information. Such information, although considered reasonable by management at the time
of preparation, may prove to be incorrect and actua l results may differ materially from those anticipa ted.
Forward-looking statements contained in this news r elease are expressly qualified by this cautionary
statement. The forward-looking statements contained in this news release are made as of the date of th is
news release and the Company does not intend to upd ate any of the included forward-looking statements
except as required by Canadian securities laws.