Chibougamau Announces Stock Option Grant
Press Release
June 25, 2019
46,695,042 shares issued and outstanding _____________________________________________________________________________________
Chibougamau Announces Stock Option Grant
ROUYN-NORANDA, QUÉBEC - Chibougamau Independent Mines Inc. (TSX VENTURE: CBG) (STUT:CLL) (OTC Markets (USA) : CMAUF) announces that it has granted incentive stock options to certain directors and officers of the Company as well as geologists directly involved in exploration of Chibougamau’s properties to purchase up to 675,000 common shares in the capital stock of the Company under its share option plan. Each option entitles the holder to purchase one common share of the Company at an exercise price of $0.18 and will expire on June 20, 2024. The options granted are subject to the approval of the TSX Venture Exchange and applicable hold and Company vesting periods. Newly appointed director David Lotan has waivered receiving any stock option.
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.
CUSIP Number 167101 203 We Seek Safe Harbour.
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir. Tel.: 819.797.5242 President & CEO Fax: 819.797.1470 Chibougamau Independent Mines Inc. [email protected] 86, 14th Street www.chibougamaumines.com Rouyn-Noranda, Québec, Canada J9X 2J1