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  • Chibougamau Independent Mines (CBG) completes private placement for $834,500
  • The company held a second and final closing, issuing 1,750,000 additional common shares at $0.10 each for $175,000
  • The first closing of the private placement amounted to issuing 3,450,000 common shares at $0.10 for $345,000
  • As a result of the second closing, Chibougamau issued a total of 5,200,000 common shares in the private placement for $520,000
  • There are 61,065,536 common shares of Chibougamau issued and outstanding
  • Chibougamau Independent Mines (CBG) is sitting at C$0.10 at 2:16 pm EST on January 11

Chibougamau Independent Mines (CBG) has completed a private placement for gross proceeds of $834,500.

Under the final tranche, the company issued 1,750,000 common shares at $0.10 each for $175,000.

Under the first tranche, the company issued 3,450,000 common shares at $0.10 for $345,000 and 2,168,966 flow-through shares at $0.145 each for total proceeds of $659,500.

As a result of the second closing, Chibougamau issued a total of 5,200,000 common shares in the private placement for $520,000.

The company also managed to raise $834,500 from the private placement of the common shares and flow-through shares.

At the end of the day, 61,065,536 common shares of Chibougamau are issued and outstanding. 

Chibougamau Independent Mines (CBG) is sitting at C$0.10 at 2:16 pm EST on January 11.


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