Chibougamau Independent Mines Raises $200,000 Through Flow-Through Private Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2025
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Source: Globenewswire
- Successful Financing: Chibougamau Independent Mines Inc. completed a flow-through private placement by issuing 689,655 shares at $0.29 each, raising approximately $200,000, which will be allocated for exploration on its Lac Chibougamau property in Quebec, enhancing the company's exploration capabilities in the mining sector.
- Share Changes: Following this financing, the total number of Chibougamau's outstanding shares has increased to 61,755,191, indicating the company's active engagement in capital markets, which may provide necessary funding support for future project developments.
- Holding Restrictions: The issued shares are subject to a four-month hold period under applicable securities legislation, expiring on May 1, 2026, which will impact the liquidity of these shares in the short term.
- Market Reaction: While the market's response to this financing remains unclear, this move demonstrates Chibougamau's flexibility in capital raising, potentially securing essential funding for its upcoming exploration activities.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
