Press Release
June 25, 2014
32,477,248 shares issued and outstanding
Chibougamau Independent Receives Financing Approval
Rouyn-Noranda, Quebec, Canada. Chibougamau Independent Mines Inc.(�Chibougamau Mines�) (CBG-TSXV, CLL-Stuttgart) 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 $600,000. Funds will be used to drill previously defined copper gold targets, stripping to test the potential extension to surface of a zone of copper gold mineralization and to trench and assay, on a systematic basis, areas of massive iron, titanium and vanadium mineralization at our historical Mont Sorcier deposit east of Chibougamau.
Chibougamau Independent is one of the largest property holders in the Chibougamau Mining Camp. Assets include a first class, 9,326 hectares exploration package including numerous former copper gold mines.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
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We Seek Safe Harbour. |
CUSIP Number 167101 10 4 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Chibougamau Independent Mines Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1 |
Tel.: 819.797.5242
Fax: 819.797.1470
info@chibougamaumines.com
www.chibougamaumines.com |
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Independent Resources Plc
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CODE : IRG.L |
ISIN : GB00B0RNX796 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Independent Res. is based in United kingdom. Independent Res. is listed in United Kingdom. Its market capitalisation is GBX 184.9 millions as of today (US$ 221.3 millions, € 193.9 millions). Its stock quote reached its highest recent level on May 29, 2009 at GBX 97.50, and its lowest recent point on May 20, 2016 at GBX 0.04. Independent Res. has 402 003 697 shares outstanding. |