OTC Markets Group Welcomes Champion Iron Limited to OTCQX
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NEW YORK, April 19, 2021 /PRNewswire/ OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Champion Iron Limited ( Champion or Company ) (ASX: CIA; TSX: CIA;OTCQX: CIAFF), an iron ore exploration and development company, has qualified to trade on the OTCQX® Best Market. Champion Iron Limited upgraded to OTCQX from the Pink® market.
Champion Iron Limited begins trading today on OTCQX under the symbol CIAFF. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
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Societe Generale Arranges $200MM Syndicated Upsize for Champion Iron
December 24, 2020, 08:00 AM
Champion Iron Limited announced that its subsidiary Quebec Iron Ore Inc. ( QIO ), the operator of the Bloom Lake Mining Complex, has successfully completed the previously announced amendment and increase to its existing credit facilities (the Credit Facility ) from $200 million to $400 million (the Refinancing ). With the additional proceeds under the amended Credit Facility, in addition to its cash on hand and ongoing cash flows from operations, the Company expects the completion of the Bloom Lake Phase II expansion project (the Phase II ) to be fully funded, which aims to double the nameplate capacity of Bloom Lake to 15 Mtpa of high-grade iron ore concentrate.