DGAP-News: Champion Minerals Inc. Joins OTCQX
(firmenpresse) - DGAP-News: Champion Minerals Inc. / Key word(s): Regulatory Approval
Champion Minerals Inc. Joins OTCQX
14.05.2012 / 13:15
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Champion Minerals Inc. Joins OTCQX
TORONTO (Canada) - May 14, 2012 - Champion Minerals Inc. (TSX: CHM; OTCQX:
OTCM; FSE: P02)('Champion') is pleased to announce that it is now trading
in the United States on the highest tier of the OTC market, the OTCQX(R).
The OTCQX(R) is operated by OTC Markets Group Inc. (OTCQX: OTCM), the
company that operates the world's largest electronic marketplace for
OTC-traded equities.
Champion began trading today on the OTC market's prestigious tier, OTCQX
International. Investors can find current financial disclosures and
Real-Time Level 2 quotes for Champion on www.otcmarkets.com.
'Joining the OTCQX will help Champion increase its profile with both
private and institutional investors in the United States,' stated Thomas
Larsen, Champion's President and C.E.O. 'We look forward to communicating
our message and updating Champion's progress to a wide audience of
investors as we broaden our shareholder base and advance our Fermont Iron
Ore Properties into production.'
'The superior information and visibility of the OTCQX marketplace allows
companies to efficiently build investor confidence and expand their
shareholder base,' said R. Cromwell Coulson, President and Chief Executive
Officer of OTC Markets Group. 'We are pleased to welcome Champion Minerals
to OTCQX.'
Stifel Nicolaus&Company, Inc. will serve as Champion's Principal American
Liaison ('PAL') on OTCQX, responsible for providing guidance on OTCQX
requirements and U.S. securities laws.
About Champion Minerals Inc.
Champion Minerals is an iron ore exploration and development company with
offices in Montreal and Toronto, and is focused on developing its
significant iron ore resources in the provinces of Québec and Newfoundland
and Labrador. The Company's projects include: the Fermont Projects in
Québec; and the Attikamagen Iron Property in Québec and Labrador.
Champion's Fermont holdings comprise seventeen properties, four of which -
Fire Lake North, Bellechasse, Harvey-Tuttle and Moire Lake - host combined
estimates of current Measured and Indicated Iron Mineral Resources
totalling 564 Million Tonnes and Inferred Iron Mineral Resources totalling
2.2 Billion Tonnes.
Champion's Fermont Projects, including the flagship Fire Lake North
Project, are located in Canada's major iron ore producing district, in
close proximity to three producing mines. Champion's team and advisory
board includes mining and exploration professionals with substantial iron
ore expertise to effectively advance the Fire Lake North Project into
production.
Champion Minerals Inc. (OTCQX: CPMNF; TSX.V: CHM) now trades in the United
States on OTCQX under the symbol 'CPMNF'
Please visit Champion's website at www.championminerals.com. For further
information about Champion, please contact Thomas G. Larsen, President and
CEO, and Jorge Estepa, Vice-President, at (416) 866-2200.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC
marketplace for equity securities. Our OTC Link(R) trading system delivers
price transparency in over 10,000 securities and enables direct interaction
between broker-dealers that provide liquidity and execution services. We
organize the wide spectrum of OTC-traded equity securities into three
marketplaces to inform investors of opportunities and risks - OTCQX - The
Intelligent Marketplace for the Best OTC Companies; OTCQB(R) - The Venture
Marketplace; and OTC Pink(R) - The Open Marketplace. Our information-driven
platform makes it easy for investors to trade at the best price through the
broker of their choice and empowers companies to build the best markets for
their investors. To learn more about our Open, Transparent, and Connected
marketplace, visit www.otcmarkets.com.
Subscribe to the OTCQX RSS Feed
Media Contact for OTC Markets Group:
Grace Keith, OTC Markets Group Inc., +1 (212) 896-4428,
grace(at)otcmarkets.com
The statements made in this news release that are not historical facts are
'forward-looking statements' and readers are cautioned that any such
statements are not guarantees of future performance, and that actual
developments or results, may vary materially from those in these
'forward-looking' statements.
This news release includes certain information that may constitute
'forward-looking information' under applicable Canadian securities
legislation. Forward-looking information is necessarily based upon a number
of estimates and assumptions that, while considered reasonable, are subject
to known and unknown risks, uncertainties, and other factors which may
cause the actual results and future events to differ materially from those
expressed or implied by such forward-looking information, including the
risks identified in the companies' annual information forms, management
discussion and analysis and other securities regulatory filings by the
companies on sedar (including under the heading 'Risk Factors' therein).
There can be no assurance that such information will prove to be accurate,
as actual results and future events could differ materially from those
anticipated in such forward-looking information. Accordingly, readers
should not place undue reliance on forward-looking information. All
forward-looking information contained in this press release is given as of
the date hereof and is based upon the opinions and estimates of management
of the companies and information available to management as at the date
hereof. The company disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by law. This
press release has been prepared by Champion Minerals Inc. and no regulatory
authority has approved or disapproved the information contained herein.
End of Corporate News
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169685 14.05.2012
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