Chakana Copper Uplisted IN United States to OTCQB Marketplace Under Symbol Chkkf
NEWS RELEASE
CHAKANA COPPER UPLISTED in UNITED STATES to OTCQB
MARKETPLACE UNDER SYMBOL CHKKF
Vancouver, B.C., September 18, 2018 – Chakana Coppe r Corp. (TSX-V: PERU; OTCQB:
CHKKF; FWB: 1ZX) (the “ Company ” or “ Chakana ”), pleased to report it has been approved
to uplist its common stock to the OTCQB® Marketplac e effective September 17, 2018. The
Company’s “CHKKF” trading symbol in the United Stat es will remain unchanged. There is no
action required by current shareholders as a result of this change.
“Uplisting to the OTCQB is another important milest one for our company.” States CEO David
Kelley. “The listing demonstrates our commitment to executing our growth plan and providing
existing and prospective stakeholders a greater deg ree of transparency and liquidity. It also
exposes the company to a broader range of institutional investors.”
The OTCQB® Venture Market, operated by the OTC Mark ets Group Inc., offers transparent
trading in entrepreneurial and development stage co mpanies that have met a minimum bid price
test, are current in their financial reporting and have undergone an annual verification and
management certification process. These standards p rovide a strong baseline of transparency, as
well as the technology and regulation to improve th e information and trading experience for
investors. U.S. investors can find current financia l disclosure and Real-Time Level 2 quotes for
CHKKF at https://www.otcmarkets.com/stock/CHKKF/quote.
The Company’s common shares will also continue to t rade under the symbol “PERU” on the
TSX Venture Exchange.
The timing of the uplist is a welcome addition to t he recently announced drill results (see news
release dated September 11, 2017) which included th e company’s best hole drilled on the
property to-date in terms of grade-thickness. The d rilling demonstrates that Bx 1 extends from
surface to 439m depth and is open at depth, highlig hting the vertical extent that tourmaline
breccia pipe targets potentially offer. Drill hole SDH18-071 cuts this vertical extent,
returning 0.69% Cu, 1.45 g/t Au and 50.5 g/t Ag (2. 07% Cu_EQ; 3.16 g/t Au_EQ). This hole
deviated out of the pipe at 439m, leaving mineraliz ation open to further extension. The company
has completed a Phase 1 drilling program of 18,863m in 70 holes, with definition drilling on two
of 14 confirmed breccia pipes that crop out at surf ace. Numerous other targets interpreted as the
surface expression of blind pipes also exist on the property and remain to be tested. The Phase 2
drill program of 20,000 is currently underway testing two additional breccia pipes.
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About Chakana Copper
Chakana Copper Corp. is a Canadian based minerals e xploration company and through its
wholly owned Peruvian subsidiary, Chakana Resources S.A.C., is currently advancing the
Soledad project near Aija, in the Ancash region of the highly prolific Miocene Belt of Peru.
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 nor its Regulation Ser vices Provider (as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy o r accuracy of this release.
This release may contain forward-looking statements . Forward-looking statements involve known and unkn own
risks, uncertainties, and other factors which may c ause the actual results, performance, or achievemen ts of Chakana
to be materially different from any future results, performance, or achievements expressed or implied by the
forward-looking statements. Forward looking stateme nts or information relates to, among other things, the
interpretation of the nature of the mineralization at the Project, the potential to grow the Project, the potential to
expand the mineralization, the planning for further exploration work, the ability to de-risk the poten tial exploration
targets, and our belief about the unexplored parts of the Project. These forward-looking statements ar e based on
management’s current expectations and beliefs but g iven the uncertainties, assumptions and risks, read ers are
cautioned not to place undue reliance on such forwa rd- looking statements or information. The Company disclaims
any obligation to update, or to publicly announce, any such statements, events or developments except as required
by law.