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Chesapeake Gold ( (TSE:CKG) ) has provided an announcement.
Chesapeake Gold has filed a prospectus supplement to its existing short form base shelf prospectus in Canada (excluding Québec) to qualify a previously announced $15.0 million bought-deal public offering of 3,751,500 units at $4.20 per unit. Each unit comprises one common share and one-half of a warrant, with each whole warrant exercisable at $5.65 for 36 months, and the company has also granted underwriters Red Cloud Securities and Cantor Fitzgerald Canada an over‑allotment option for up to an additional 535,725 units along with broker warrants and fees tied to the offering’s proceeds. The financing, expected to close around January 27, 2026 subject to regulatory approvals including from the TSX Venture Exchange, is structured to provide Chesapeake with additional capital while deepening its relationships with key underwriting partners and supporting its ongoing capital markets strategy.
The most recent analyst rating on (TSE:CKG) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Chesapeake Gold stock, see the TSE:CKG Stock Forecast page.
Spark’s Take on TSE:CKG Stock
According to Spark, TipRanks’ AI Analyst, TSE:CKG is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), partly offset by a strong, debt-light balance sheet. Technically, the trend is bullish with strong momentum, but indicators are extended, raising pullback risk. Valuation is constrained by negative earnings and no dividend support, while recent corporate actions modestly improve strategic positioning.
To see Spark’s full report on TSE:CKG stock, click here.
More about Chesapeake Gold
Chesapeake Gold Corp., listed on the TSX Venture Exchange under the symbol CKG, is a Canadian mining company focused on the exploration and development of precious metal assets, with its activities and capital markets presence centered in Canada (excluding Québec).
Average Trading Volume: 99,658
Technical Sentiment Signal: Buy
Current Market Cap: C$290.3M
See more insights into CKG stock on TipRanks’ Stock Analysis page.