09:48 AM EST - Chaparral Gold Corp. : provided an update with respect to the consideration payable in the plan of arrangement transaction with Goldrock Mines Corp., Waterton Precious Metals Fund II Cayman, LP and Waterton Precious Metals Bid Corp. The Arrangement provides that in the event that Chaparral receives the $5-million U.S. installment of the receivable relating to the Rio Blanco property in Ecuador on or before December 29, 2014, the consideration payable to shareholders of Chaparral will be increased by $0.02 per share in cash from $0.61 to $0.63 per share. The $5-million U.S. installment payment has not been received and therefore the additional $0.02 in consideration will not be paid. The Company has commenced initial legal proceedings to recover the $5-million U.S. payment. Chaparral Gold Corp.
shares T.CHL are trading unchanged at $0.49.
