VANCOUVER, British Columbia, Feb. 11, 2021 (GLOBE NEWSWIRE) Gold Fields Nazca Holdings Inc. (“
GFNH”), a wholly-owned indirect holding subsidiary of Gold Fields Limited, announces that it has purchased 5,810,000 common shares (“
Chakana Shares”) in the capital of Chakana Copper Corp. (“
Chakana”) (TSX-V: PERU; OTC: CHKKF; FWB: 1ZX) from treasury at a price of C$0.50 per Chakana Share for an aggregate cost of C$2,905,000.
The purchase was completed pursuant to a subscription agreement between Chakana and GFNH and following the exercise of a participation right under an investment agreement between GFNH and Chakana dated April 29, 2019 (the “
Investment Agreement”) in the context of a larger offering of Chakana Shares (the “