Chesapeake Gold Announces Filing of Prospectus Supplement in Connection with Previously Announced $15 Million Bought Deal Public Offering

Executive Summary

• Chesapeake Gold Corp. filed a prospectus supplement to its short‑form base shelf prospectus, qualifying the public distribution of 3,751,500 units at $4.20 per unit for gross proceeds of $15,000,300.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant = two units). Warrants allow purchase of common shares at $5.65 within 36 months after closing.
• An over‑allotment option permits the underwriters to sell up to an additional 535,725 units at the same price; underwriting fees are 6% of gross proceeds (reduced to 2% for President’s List sales). Underwriters also receive broker warrants equal to 6% of total units issued.
• The offering is expected to close on or about January 27 2026, subject to regulatory approvals, including TSX Venture Exchange final approval.

Key Details

• Units Offered: 3,751,500
• Offering Price: $4.20 per unit
• Gross Proceeds Target: $15,000,300
• Unit Composition: 1 common share + ½ common‑share purchase warrant (full warrant = two units)
• Warrant Exercise Price: $5.65 per common share; exercisable up to 36 months after closing
• Underwriters: Red Cloud Securities Inc. (lead underwriter & joint bookrunner) and Cantor Fitzgerald Canada Corp. (joint bookrunner)
• Over‑Allotment Option: Up to 535,725 additional units, exercisable within 30 days after the Closing Date at the same $4.20 price
• Underwriting Fee: 6% of gross proceeds (reduced to 2% for President’s List sales)
• Broker Warrants: Non‑transferable warrants equal to 6% of aggregate units issued (including over‑allotment), each warrant allowing purchase of one common share at $4.20; reduced to 2% for President’s List sales; exercisable for 36 months from closing
• Closing Date: Expected on or about January 27 2026, subject to regulatory approvals (TSX Venture Exchange and provincial securities regulators)
• Regulatory Access: Prospectus supplement and related documents available via SEDAR+; copies can be obtained free of charge from Red Cloud Securities Inc.

Notable Quotes

(No direct quotes were provided in the release.)