Champion Minerals Raises $1,600,000 Through the Exercise of Warrants
March 19 2010 - 10:18AM
Marketwired Canada
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
NOR FOR DISSEMINATION IN THE UNITED STATES
Champion Minerals Inc. ("Champion" or the "Company") (TSX
VENTURE:CHM)(FRANKFURT:P02) is pleased to announce that 3,200,000 Common Shares
were issued by the Company pursuant to the exercise of warrants. The Company
received proceeds of $1,600,000 in connection with the warrant exercise pursuant
to the terms detailed in the Company's press release dated February 19, 2010.
The proceeds to Champion from the exercise of the warrants will be used for
working capital and to finance continued exploration programs on the Company's
properties.
About Champion
Champion is an exploration company focused on discovering and developing
significant metal resources in eastern Canada, particularly in the provinces of
Quebec and Newfoundland and Labrador. The Company's projects include the
Attikamagen Iron Property, located in western Labrador and northeastern Quebec,
the Fermont Iron Property in northeastern Quebec and the Powderhorn and
Gullbridge Base Metal Projects located in central Newfoundland.
This Press Release contains forward-looking statements, including, without
limitation, the date that Champion intends to send out Notices to the holders of
the Warrants and the use of proceeds from the exercise of the Warrants, which
may involve a number of risks and uncertainties. Actual events or results could
differ materially from Champion's forward-looking statements and expectations
herein.
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