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Chakana Copper Announces C$10,000,000 Private Placement Gold Fields to Follow Its Participation Right

Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the "Company" or "Chakana"), is pleased to announce a non-brokered private placement of 20,000,000 common shares of the Company at a price of C$0.50 per common share for gross proceeds of up to C$10 million (the "Private Placement"). The Company is reserving the right to increase the Private Placement to issue a total of up to 24,000,000 common shares at C$0.50 per share to raise a total of up to C$12 million.
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