Champion Minerals Inc.
FRANKFURT : P02
TSX : CHM

Champion Minerals Inc.

November 15, 2010 13:54 ET

Champion Minerals Inc. Closes $625,000 Flow-Through Financing

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2010) - Champion Minerals Inc. ("Champion" or the "Company") (TSX:CHM)(FRANKFURT:P02) announces that it has completed a non-brokered private placement (the "Private Placement") of $625,000 in flow-through common shares ("Shares") at a price of $1.30 per Share. The Shares were issued on a "flow-through" basis under the Income Tax Act (Canada). The terms of the Private Placement were arranged with three arm's length parties on or before November 5, 2010. The securities issued under the Private Placement are subject to a four month hold period. No broker, dealer or finder was involved in the Private Placement 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.

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.

Contact Information

  • Champion Minerals Inc.
    Thomas G. Larsen
    President and CEO
    1 (877) 448-2201 or (416) 866-2200
    or
    Champion Minerals Inc.
    Jorge Estepa
    Vice-President
    1 (877) 448-2201 or (416) 866-2200
    www.championminerals.com