Proactive Investors - Run By Investors For Investors

Chibougamau Independent Mines grants stock options to directors and geologists

The Quebec mining company offered as many as 675,000 shares of common stock at a price of $0.18 per share
Lake Chibougamau
The company operates a series of properties surrounding Lake Chibougamau in Quebec

Chibougamau Independent Mines Inc (CVE:CBG) (OTCMKTS:CMAUF) granted stock options to various directors and geologists, the company announced Tuesday.

The Quebec mining company offered the chance to purchase as many as 675,000 shares of common stock at an excise price of $0.18 per share, equal to its Monday close.

READ: Global Energy Metals kicks off fieldwork at Lovelock cobalt mine, Nevada; further expands claim footprint

The offer extends to certain directors and officers at the company, as well as geologists directly involved in exploration of Chibougamau’s properties. It expires on June 20, 2024.

The company operates a series of properties surrounding Lake Chibougamau in Quebec. It was spun out from its parent company Globex Mining (TSE:GMX), a Toronto-based exploration, royalty and property bank with more than 168 assets. 

Chibougamau's stock grew 2.8% to C$0.19 in Toronto and remained flat at US$0.14 on OTC Markets.

—Updated to include information about Globex Mining—

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

View full CBG profile View Profile

Related Articles

The Predictive-Toro joint venture projects are in the country’s north
February 21 2019
The company’s JV with Toro is producing results on the exploration front.
map of projects and drill rig picture
January 24 2019
The company is focused on the Redmoor Tin-Tungsten Project and Otago Gold Project.
Mark Wilson and Mark Creasy with a Nova-Bollinger core sample Creasy showed Wilson, telling him, ‘There’s what you’re looking for, now go find it’
February 20 2019
A Creasy team will move to Rockford next as exploration resumes.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use