Chibougamau Independent Mines Completes Private Placement for Total Proceeds of $834,500

Provided By Globe Newswire

Last update: Jan 18, 2023

ROUYN-NORANDA, Quebec, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (“Chibougamau”) (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) is pleased to announce that it has held a second and final closing of its previously-announced private placement by issuing 1,750,000 additional common shares at a price of $0.10 per share for proceeds of $175,000. Chibougamau will use the net proceeds from the private placement for working capital.