Chibougamau Independent Mines Inc. has completed a private placement, issuing 689,655 “flow-through” shares at $0.29 per share for proceeds of about $200,000. The funds will be used for exploration on the Lac Chibougamau property in Québec. With this placement, the company now has 61,755,191 common shares issued and outstanding. The shares are subject to a four-month hold period. For more information, contact President & CEO Jack Stoch. The News Release may contain forward-looking statements, discussing potential risks and uncertainties that could impact the company’s performance.

Read more at GlobeNewswire: Chibougamau Independent Mines Completes “Flow-Through”