Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FWB: 1ZX) has entered into an agreement pursuant to which Gold Fields Nazca Holdings Inc., a wholly-owned indirect subsidiary of Gold Fields Limited has agreed to subscribe for and purchase 15,6M common shares of the company at a price of C$0.51 per Chakana Share for total gross proceeds of C$8M.

“We are extremely pleased to welcome Gold Fields as a strategic investor in Chakana. Gold Fields’ investment validates the potential of the Soledad project, and their technical and operational expertise in Peru will help us unlock that potential,” stated David Kelley, President and CEO of Chakana.

The net proceeds of the financing will be used to advance the exploration and development of the company’s Soledad coppergold-silver project in Central Peru, to test the multitude of targets on the property and produce an initial resource on several breccia pipes.

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