Chimata Gold Corp. (CNSX:CAT) announced that it will issue 12% convertible unsecured subordinated debentures for gross proceeds of CAD 2,000,000 and will also issue warrants consisting of one common share of the company and one common share purchase warrant for gross proceeds of CAD 200,000 for aggregate proceeds of CAD 2,200,000 on November 2, 2018. The maturity date of debentures is five years from the date of issuance and are convertible at the option of holder into common shares at price of CAD 0.10 per share. Each whole warrant entitling its holder to purchase one common share at a price of CAD 0.20 for a period of 24 months from the Closing Date.