ROUYN-NORANDA, QUEBEC-Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) announcesthat it will effect a non-brokered private placement of a maximum of 5,882,352“flow-through” common shares at a price of $0.17per share for maximum gross proceeds to Chibougamau of $1million. Chibougamau will use
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