Chesapeake files prospectus supplement

Executive Summary

• Chesapeake Gold Corp. has filed a prospectus supplement to qualify the public distribution of 3,751,500 units as part of a previously announced $15 million bought deal public offering.
• The offering consists of units priced at $4.20 each, with each unit comprising one common share and one-half of one common share purchase warrant.
• The transaction includes an overallotment option for up to 535,725 additional units and is expected to close on or around January 27, 2026, subject to regulatory approvals.

Key Details

• Offering Structure: 3,751,500 units offered at $4.20 per unit.
• Gross Proceeds: $15,000,300.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $5.65. Warrants are exercisable for 36 months following the closing date.
• Underwriters: Red Cloud Securities Inc. (lead underwriter and joint bookrunner) and Cantor Fitzgerald Canada Corp. (joint bookrunner).
• Overallotment Option: Underwriters have an option to purchase up to 535,725 additional units at the offering price to cover overallotments and for market stabilization, exercisable within 30 days after closing.
• Underwriting Fees:
  • Cash fee of 6% of gross proceeds (reduced to 2% for sales to "president's list" purchasers).
  • Non-transferable broker warrants equal to 6% of the aggregate number of units issued (reduced to 2% for "president's list" purchasers).
  • Broker warrant exercise price: $4.20 per share.
  • Broker warrant term: 36 months from closing.
• Closing Date: Expected on or about January 27, 2026.
• Regulatory Status: Subject to final approval of the TSX Venture Exchange and other necessary regulatory approvals.
• Documentation: Prospectus supplement dated Jan. 14, 2026, filed with securities regulatory authorities in Canadian provinces and territories (excluding Quebec), supplementing the short form base shelf prospectus dated Feb. 23, 2024.