Chaparral lifts Converse gold count as Waterton takeover deadline looms

摘要

As it works to fend off a hostile takeover bid from Waterton Global Resource Management, Chaparral Gold (TSX: CHL; US-OTC: CRRGF) has boosted the gold resource at its Converse project in north-central Nevada to 6.6 million oz. gold and 41.6 million oz. silver. The irony is that Waterton's 50cents-per-share bid ascribes zero value to Chaparral's projects, so the added ounces likely do not mean much to the private equity fund.