CKG KICKS #$$! CKG CKG CKG CKG CKG CKG CKG CKG CKG CKG CKG
CKG shares were just bought by one of the tightest most secretive closed gold funds in the universe EDIT may be old news to some:
Chesapeake Gold Corp
Symbol CKG
Shares Issued 19,777,795
Close 2007-03-14 C$ 6.00
Recent Sedar Documents
Chesapeake shareholder Sun Valley increases holdings
2007-03-14 21:34 ET - News Release
Mr. Peter Palmedo of Sun Valley reports
SUN VALLEY GOLD LLC: HOLDINGS OF SECURITIES OF CHESAPEAKE GOLD CORP.
As a result of the completion of a plan of arrangement involving American Gold Capital Corp. and its shareholders and Chesapeake Gold Corp. and a wholly owned subsidiary of Chesapeake, Peter Palmedo and Sun Valley Gold Company, a company which Mr. Palmedo controls, acquired beneficial ownership of, and an affiliate of Mr. Palmedo, Sun Valley Gold LLC, acquired control or direction over, a total of: 1,474,649 common shares of Chesapeake, representing approximately 5.11 per cent of the issued and outstanding Chesapeake common shares; 737,325 common share purchase warrants of Chesapeake to purchase 737,324 Chesapeake common shares, which have underlying shares representing approximately 2.49 per cent of the issued and outstanding Chesapeake common shares after giving effect to the exercise of such warrants; and 147,464 Class A, Series 1, restricted voting shares of Chesapeake, which provide rights of conversion into Chesapeake common shares on certain conditions, representing approximately 16.35 per cent of the issued and outstanding Chesapeake Series 1, Class A shares.
Under applicable Canadian securities laws, Mr. Palmedo is deemed to beneficially own securities which are held by Sun Valley Gold Company, a corporation controlled by him. On Jan. 15, 2007, Sun Valley Gold Company acquired common shares of American Gold which were exchanged for shares of Chesapeake, pursuant to the plan of arrangement, from Sun Valley Gold LLC, a limited liability company of which Sun Valley Gold Company is the managing member.
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