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Gold/Mining/Energy : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (1380)	1/2/2008 11:26:21 AM
From: TheSlowLane	Read Replies (2) \| Respond to of 7833

Here is the deal: Each Class A Share shall be convertible, for no additional consideration and for a period of five (5) years, into ten (10) Chesapeake common shares (such that American Gold shareholders will receive, in respect of each American Gold share held, the right to convert into 0.29 Chesapeake common shares) in the event that the average London PM fix closing trading price of gold is equal to or greater than US$850 per ounce on such market during any 90 consecutive day period during the five year term. The five year term will be extended by one year if the trading price for gold has been at or above US$850 per ounce on any day during the last six months of the five year term.