Business NewsMarketWire • Chesstown Capital Inc. Enters Into Definitive Agreement With Apex Royalty Corporation

Chesstown Capital Inc. Enters Into Definitive Agreement With Apex Royalty Corporation

Chesstown Capital Inc. Enters Into Definitive Agreement With Apex Royalty Corporation

TORONTO, ONTARIO--(Marketwire - Jan. 26, 2011) - Chesstown Capital Inc. ("Chesstown") (TSX VENTURE:CHC.H), a capital pool company (as defined in Policy 2.4 (the "CPC Policy") of the TSX Venture Exchange Inc. (the "Exchange")), is pleased to announce that, further to its press release dated December 13th, 2010, it has entered into a definitive agreement (the "Agreement") effective January 18, 2011 with all of the ten (10) shareholders (the "Apex Shareholders") of Apex Royalty Corporation ("Apex")in respect of a proposed Qualifying Transaction (as defined in the CPC Policy) with Apex (the "Proposed Transaction").

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