– Chaparral board, based on the recommendation of the special committee comprised of independent board members, unanimously recommends shareholders vote in favour of the arrangement with Goldrock and Waterton – All-cash offer provides attractive premium and certainty of value – Potential additional consideration of C$0.02 per share in cash under certain circumstances – Waterton to purchase 11.1 million Goldrock shares, and provide transaction financing – Waterton representative to join Goldrock
