Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Financings

Chibougamau closes $200,000 FT private placement

CBG · Price

Executive Summary

  • Chibougamau Independent Mines Inc. completed a flow-through private placement, issuing 689,655 flow-through shares at $0.29 per share.
  • The company raised approximately $200,000 in gross proceeds, which will be utilized for exploration activities on its Lac Chibougamau property in Quebec.
  • Following the transaction, the total number of common shares issued and outstanding is 61,755,191, with the newly issued shares subject to a four-month hold period expiring on May 1, 2026.

Key Details

  • Transaction Type: Flow-through private placement.
  • Shares Issued: 689,655 flow-through shares.
  • Price Per Share: $0.29 CAD.
  • Gross Proceeds: Approximately $200,000 CAD.
  • Use of Proceeds: Exploration on the Lac Chibougamau property in Quebec.
  • Post-Transaction Share Count: 61,755,191 common shares issued and outstanding.
  • Hold Period: The 689,655 shares are subject to a four-month statutory hold period under applicable securities legislation and TSX Venture Exchange policies, expiring on May 1, 2026.
Read the original news release →

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