May 13 (Reuters) - Chibougamau Independent Mines Inc
* Announces proposed share consolidation and $1 million
non-brokered private placement
* To consolidate issued and outstanding common shares on
basis of one share for every two shares issued and outstanding
* If share consolidation is approved, will have 16.2 million
common shares, compared to 32.5 million shares currently
outstanding
* Non-Brokered private by issuing maximum of 15 million
units for $0.05/unit, 5 million "flow-through" shares for $0.05
per share
* Brokered private placement
Source text for Eikon: ID:nMKWGxHcfa
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