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| Home : Champion Iron Mines Closes $3.0 Million Strategic Investment With Hong Kong Mining Investor |
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Aug 01
2013 |
Champion Iron Mines Closes $3.0 Million Strategic Investment With Hong Kong Mining Investor |
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TORONTO, ONTARIO--(Marketwired - Aug. 1, 2013) - CHAMPION IRON MINES LIMITED (TSX:CHM)(OTCQX:CPMNF)(FRANKFURT:P02) ("Champion" or the "Company") is pleased to announce that it has completed a private placement financing with Baotou Chen Hua Investments Limited ("Baotou" or the "Purchaser"), a corporation, based in Hong Kong, for the acquisition by Baotou of 15,000,000 Units (the "Units") at a subscription price of $0.20 per Unit for aggregate proceeds of $3,000,000 (the "Transaction"). Baotou is a Hong Kong investment company the principal of which is a mining entrepreneur with substantial interests in Chinese iron ore and rare earth deposits. |
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| Source:http://www.marketwire.com/mw/release.do?id=1816768&sourceType=3 |
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