CHM/fnc

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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rago1

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CHM/fnc

posted on Sep 15, 2010 09:34PM

Champion Minerals agreement for Quebec claims
Ticker Symbol: C:CHM

Champion Minerals agreement for Quebec claims

Champion Minerals Inc (C:CHM)
Shares Issued 60,362,497
Last Close 9/15/2010 $0.88
Wednesday September 15 2010 - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to a letter agreement dated Sept. 10, 2010, between Champion Minerals Inc. and an arm's-length party. Pursuant to the agreement, the company shall acquire a 100-per-cent interest in two claims in the O'Keefe-Purdy-Audrea Lake claim block and one claim in the Moire Lake claim block of the Fermont iron property in the Fermont iron-ore district of northeastern Quebec.

As consideration, the company must pay the vendor $25,000 and issue 125,000 shares. The vendor will also retain a 1-per-cent net smelter return royalty on the claims.

For further information, please refer to the company's news release dated Sept. 14, 2010.