DGAP-News: Champion Minerals Inc. Closes $3.0 Million Financing
(firmenpresse) - Champion Minerals Inc. / Key word(s): Miscellaneous
11.10.2010 10:30
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NEWS RELEASE
Champion Minerals Inc. Closes $3.0 Million Financing
Toronto (Canada), October 8, 2010 - Champion Minerals Inc. ('Champion' or
the 'Company') (TSX: CHM; FSE: P02) is pleased to announce that it has
completed its previously announced offering (the 'Offering') of $3.0
million in units (the 'Units') of the Company at a price of C$0.90 per
Unit. Each Unit consists of one common share and one common share purchase
warrant (the 'Unit Warrant'). Each Unit Warrant entitles the subscriber to
purchase one common share at a price of $1.20 for the first 24 months and
$1.50 thereafter until 36 months after the closing date, when the Warrants
expire. The securities issued under or in connection with the Offering are
subject to a four month hold period. No broker, dealer or finder was
involved in the Offering and, accordingly, no commissions or finder's fees
were paid in connection with these transactions.
About Champion Minerals Inc.
Champion is a junior exploration Company focused on discovering and
developing significant metal resources in eastern Canada, particularly in
northeastern Quebec and in Labrador and Newfoundland. The Company's
projects include the Fermont Iron Property in northeastern Quebec, the
Attikamagen Iron Property in western Labrador and northeastern Quebec and
the Powderhorn and Gullbridge Base Metal Projects in central Newfoundland.
Please visit Champion's website at www.championminerals.com.
For further information please contact Thomas G. Larsen, President and CEO,
and Jorge Estepa, Vice-President, at 1 (877) 448 2201 or (416) 866-2200.
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.
11.10.2010 10:30 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Datum: 11.10.2010 - 10:30 Uhr
Sprache: Deutsch
News-ID 32331
Anzahl Zeichen: 0
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Kategorie:
Business News
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