BELOEIL, QC, Aug. 8, 2018 /CNW Telbec/ - Vérendrye Capital Corporation ("Vérendrye Capital") reports that, on August 8, 2018, it purchased 30,000 common shares (the "Common Shares") of Chibougamau Independent Mines Inc. ("Chibougamau") on the TSX Venture Exchange Inc. at a price of C$0.065 per Common Share, for a total consideration paid of C$1,950. Prior to this transaction, Vérendrye Capital and its joint actors had beneficial ownership of, and exercised control or direction over, 3,863,900 Common Shares, representing approximately 9.95% of the outstanding Common Shares. As a result of the transaction, Vérendrye Capital and its joint actors have beneficial ownership of, and exercise control or direction over, 3,893,900 Common Shares, representing approximately 10.0% of the outstanding Common Shares.
Vérendrye Capital acquired the Common Shares for investment purposes and in accordance with applicable securities laws, Vérendrye Capital and any of its joint actors may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments (collectively, "Securities") of Chibougamau in the open market or otherwise, and they reserve the right to dispose of any or all of their Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of Chibougamau and other relevant factors.
A copy of the early warning report to be filed by Vérendrye Capital in connection with the transactions described above will be available on SEDAR. A copy may also be obtained by contacting Alexandre Burelle at (514) 210-4927. This news release is issued under the early warning provisions of the Canadian securities legislation. The head office of Chibougamau is located at 86 14th Street, Rouyn-Noranda, Québec J9X 2J1.
SOURCE Vérendrye Capital Corporation
For further information: Alexandre Burelle, P.Eng., Managing Partner, Vérendrye Capital Corporation, 1234 Régis-Phaneuf, Beloeil, Québec, J3G 0P9, Canada, [email protected]