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Financings

Chibougamau Independent Mines Completes "Flow-Through" Financing

By The Northwire Desk — AI Analysis Dec 30, 2025 · 17:00 CBG · 0.25 Chibougamau Independent Mines Inc.
CBG · Price

Executive Summary

  • Chibougamau Independent Mines Inc. completed a flow‑through private placement of 689,655 shares at $0.29 per share, raising approximately $200,000.
  • Proceeds will be used to fund exploration activities on the Lac Chibougamau property in Québec.
  • The newly issued shares are subject to a four‑month hold period expiring May 1 2026, bringing total outstanding common shares to 61,755,191.

Key Details

  • Placement Size: 689,655 flow‑through shares.
  • Price per Share: $0.29.
  • Gross Proceeds: Approximately $200,000.
  • Use of Proceeds: Exploration drilling and related work on the Lac Chibougamau property, Québec.
  • Hold Period: Four months from closing; expires May 1 2026 per TSX Venture Exchange policies.
  • Post‑Closing Share Count: 61,755,191 common shares outstanding.
  • Securities Identifiers: CUSIP 167101203; LEI 529900GYUP9EBEF7U709.

Notable Quotes

(No direct quotes were included in the release.)

Read the original news release →

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