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Financings

Chibougamau closes $200,000 FT private placement

By The Northwire Desk — AI Analysis Dec 30, 2025 · 18:00 CBG · 0.25 Chibougamau Independent Mines Inc.
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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Financings