Chimata Gold Corp. (TSXV:CAT) announced a private placement for 2,000,000 flow-through units at a price of CAD 0.15 per unit for proceeds of CAD 300,000 and 2,500,000 non flow-through units at a price of CAD 0.10 per unit for proceeds of CAD 250,000 for gross proceeds of CAD 550,000 on October 13, 2017. Each flow-through unit consists of one common share and one half share of one whole share purchase warrant exercisable at a price of CAD 0.25 per share for a period of three year. Each non-flow through unit consists of one common share and one whole share purchase warrant exercisable at a price of CAD 0.15 per share for a period of three year. The transaction is subject to approval from the TSX Venture Exchange. All securities issued are subject to four month hold period from date of closing.