Waterton ups offer for Chaparral Gold to 55 cents per share

Canadian private equity firm Waterton Global Resource Management has raised its offer to buy an increased interest in Chaparral Gold Corp (TSX: CHL). The previous acquisition price of $0.50 per share has been raised by Waterton to $0.55 in per share, or about $64.7 million in total, according to a report by the Canadian Press. Shareholders representing around 27 percent of Chaparral's issued and outstanding shares, including Waterton, have indicated that they intend to tender their shares to the revised offer. Based in Scottsdale, Arizona, Chaparral is a precious metals producer focused on projects in Nevada.

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