Chakana Announces Private Placement
NEWS RELEASE
For Immediate Release TSX-V: PERU
#05 - 2025 FSE: 1ZX0
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
CHAKANA ANNOUNCES PRIVATE PLACEMENT
Vancouver, B.C., September 11, 2025 – Chakana Copper Corp. (TSX -V: PERU; F SE: 1ZX0) (the
“Company” or “Chakana”) is pleased to announce a non-brokered private placement of up to 17,857,143
units of the Company (“Units”) at a price of C$0. 07 per Unit for gross proceeds of up to C$1,250,000 the
“Private Placement”).
Each Unit will consist of one common share in the capital of the Company (each, a “Share ”) and one
common share purchase warrant ( a “Warrant”). Each Warrant will entitle the holder to purchase one
additional Share at a price of $0. 09 per Share for a period of three years from closing of the Private
Placement. The Company intends to use the proceeds from the Private Placement to evaluate new
opportunities, exploration, and for general working capital purposes.
Insiders may participate in the Private Placement including subscriptions from related parties of the
Company as defined in Multilateral Instrument 61 -101 Protection of Minority Security Holders in Special
Transactions ("MI 61-101"). The participation of Insiders in the Private Placement is exempt from formal
valuation and minority shareholder approval requirements pursuant to exemptions contained in sections
5.5(c) and 5.7(1)(a) of MI 61-101.
The Private Placement is subject to all necessary regulatory approvals, including the approval of the TSX
Venture Exchange. The securities issued under the Private Placement will be subject to a hold period under
applicable securities laws in Canada expiring four months and one day from the closing date of the Private
Placement. No finder’s fees will be paid in connection with the Private Placement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or
sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.
Shares for Debt
The Company also announces that it will enter into shares -for-debt settlement agreements (the
“Agreements”) with Directors, Officers and Consultants of the Company (the “Debtees”) in connection with
outstanding debt related to management fees and services previously provided to the Company.
Pursuant to the Agreements, Chakana will settle an aggregate of C $246,625 in outstanding payables owed
to the Debtees through the issuance of 3,523,214 common shares at a deemed price of C$0.07 per share (the
“Debt Shares”). The Company also negotiated settlement of all remaining board and management debt and
wrote off a total of C$354,669. The Debt Shares will be subject to a hold period under applicable securities
laws in Canada expiring four months and one day from the date of issue. The shares-for-debt transaction is
subject to the final approval of the TSX Venture Exchange.
- 2 -
About Chakana Copper Corp
Chakana Copper Corp is a Canadian- based minerals exploration Company that is currently advancing the
La Joya project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive
communities. La Joya has three well-defined target areas based on extensive multi-disciplinary exploration:
1) precious metal mineralization at the La Joya high- sulfidation epithermal zone; 3) mineralization related
to the Mega-Gold intrusive center; and 3) the Compañero gold zone. In addition, Chakana owns a 1% net
smelter royalty over the Soledad property in the active Aija -Ticapampa mining district (see news release
dated October 8, 2024). Chakana is also evaluating new opportunities. For more information on Chakana,
please visit the website at www.chakanacopper.com or Chakana’s profile at www.sedarplus.ca.
Qualified Person
David Kelley, an officer, and a director of Chakana, and a Qualified Person as defined by NI 43-101,
reviewed and approved the technical information in this news release.
ON BEHALF OF THE BOARD
(signed) “David Kelley”
David Kelley
President and CEO
For further information contact:
Investor Relations: Info
Email: [email protected]
Telephone: 720-233-2166
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes
certain “forward-looking statements” under applicable Canadian securities legislation relating to plans for future
exploration and drilling and the timing of same, the merits of the Company’s mineral projects and other plans of the
Company, including statements relating to the use of proceeds and completion of the Private Placement and Shares
for Debt transaction. Forward-looking statements are statements that are not historical facts; they are generally, but not
always, identified by the words “encouraging”, "expects”, "plans”, "anticipates”, "believes”, “interpret”, "intends",
"estimates", "projects", "aims", “suggests”, “often”, “target”, “future”, “likely”, “pending”, "potential", "goal",
"objective", "prospective", “possibly”, “preliminary” and similar expressions, or that events or conditions "will",
"would", "may", "can", "could" or "should" occur, or other statements, which, by their nature, refer to future events. The
Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made, and that such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ materially from those contained in the statements.
Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.
Factors that could cause future results to differ materially from those anticipated in forward-looking statements include
risks associated with exploration and drilling; the timing and content of upcoming work programs; geological
interpretations based on drilling that may change with more detailed information; possible accidents; the possibility that
the Company may not be able to secure permitting and other governmental approvals necessary to carry out the
Company's plans; the risk that the Company will not be able to raise sufficient funds to carry out its business plans; the
possibility that future exploration results will not be consistent with the Company’s expectations; increases in costs;
- 3 -
environmental compliance and changes in environmental and other local legislation and regulation; interest rate other
risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological
factors and exchange rate fluctuations; changes in economic and political conditions; and other risks involved in the
mineral exploration industry. The reader is urged to refer to the Company's Management’s Discussion and Analysis,
publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and
Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of risk factors and their potential effects.
Forward-looking statements are based on a number of assumptions, including management’s assumptions about the
following: the availability of financing for the Company’s exploration activities; operating and exploration costs; the
Company’s ability to attract and retain skilled staff; timing of the receipt of necessary regulatory and governmental
approvals; market competition; and general business and economic conditions. 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, except as required by law.
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.