CBG Chibougamau Independent Mines Inc

Chibougamau Independent Mines Inc.("Chibougamau Mines") (TSX
VENTURE:CBG)(STUT:CLL) wishes to advise shareholders that it has approval for a
private placement of 2,500,000 common shares at $0.08 per share, each common
share having attached one half warrant. Two warrants and $0.16 permits the
purchase of one common share for a period of 12 months.


In addition, 4,000,000 Quebec Flow Through shares are approved for issuance at a
price of $0.10 per flow through share.


Proceeds from the placement will total $600,000. Funds will be used to drill
previously defined copper gold targets, stripping to test the potential
extension to surface of a zone of copper gold mineralization and to trench and
assay, on a systematic basis, areas of massive iron, titanium and vanadium
mineralization at our historical Mont Sorcier deposit east of Chibougamau.


Chibougamau Independent is one of the largest property holders in the
Chibougamau Mining Camp. Assets include a first class, 9,326 hectares
exploration package including numerous former copper gold mines.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of the release.


32,477,248 shares issued and outstanding



We Seek Safe Harbour.                               CUSIP Number 167101 10 4



FOR FURTHER INFORMATION PLEASE CONTACT: 
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Chibougamau Independent Mines Inc.
819.797.5242
819.797.1470 (FAX)
info@chibougamaumines.com
www.chibougamaumines.com

Grafico Azioni Chibougamau Independent ... (TSXV:CBG)
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Grafico Azioni Chibougamau Independent ... (TSXV:CBG)
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Da Feb 2024 a Feb 2025