Chalice Gold Mines Limited
TSX : CXN
ASX : CHN

Chalice Gold Mines Limited
Coventry Resources Inc.
TSX VENTURE : CYY
ASX : CYY

Coventry Resources Inc.

February 04, 2014 19:07 ET

Chalice and Coventry Complete Plan of Arrangement

WEST PERTH, WESTERN AUSTRALIA--(Marketwired - Feb. 4, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES

Chalice Gold Mines Limited (TSX:CXN)(ASX:CHN) ("Chalice") and Coventry Resources Inc. (TSX VENTURE:CYY)(ASX:CYY) ("Coventry") are pleased to advise that the Plan of Arrangement for Chalice's acquisition of a 100% interest in the Cameron Gold Project in Ontario Canada has been successfully completed.

46 million shares in Chalice will be distributed directly to Coventry shareholders on a pro rata basis on or around 7 February 2014.

BILL BENT STEVEN CHADWICK
Managing Director President and Chief Executive Officer
Chalice Gold Mines Limited Coventry Resources Inc.
4 February 2014 4 February 2014

Forward Looking Statements

This document may contain forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Chalice Gold Mines Limited (the Company) does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law or regulation.

Forward-looking statements relate to future events or future performance and reflect Company management's expectations or beliefs regarding future events and include, but are not limited to, the estimation of mineral reserves and mineral resources, the realisation of mineral reserve estimates, the likelihood of exploration success, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.

In certain cases, forward-looking statements can be identified by the use of words such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others,; risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of mineral resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry, as well as those factors detailed from time to time in the Company's interim and annual financial statements, all of which are filed and available for review on SEDAR at sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements.

None of the securities anticipated to be issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issued in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Contact Information

  • Chalice Gold Mines Limited
    Bill Bent
    Managing Director
    (W) +61 9322 3960

    Chalice Gold Mines Limited
    Tim Goyder
    Executive Chairman
    (W) +61 9322 3960

    Chalice Gold Mines Limited
    Keith Smart
    Business Development Manager
    (W) +61 9322 3960

    Coventry Resources
    Steven Chadwick
    President and CEO
    (W) +61 8 9324 1266

    For media inquiries, please contact:
    Read Corporate
    Nicholas Read
    +618 9388 1474