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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Message: Re: Champion Announces $30 Million Bought Deal Financing
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Champion Announces $30 Million Bought Deal Financing
5
kim
Feb 17, 2012 08:18AM
NIce going Champion
8
fani
Feb 17, 2012 09:31AM

Kim, good info.

That brings the OS to about 105 M shares, assuming the over-allotment option is exercised. Share dilution is 17.25 M/105M = approximately 16%. But the SP seems to be holding ($2.05 for a drop of about 3% which is not bad) thanks to perhaps the SP priced at $2.00/s.

In addition, it good to see that there are no wts attached, i.e. no further dilution as a result of this deal.

Current Fact Sheet (website) say available cash: $19.5M. With the additional $34.5M from this deal CHM would have a chunk of cool cash of $54M (which is about 25% of the market cap...and no debt). Not bad a situation to be in.

goldhunter

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Re: Champion Announces $30 Million Bought Deal Financing
4
stock greed
Feb 17, 2012 10:47AM
Re: Champion Announces $30 Million Bought Deal Financing
7
rago1
Feb 17, 2012 12:34PM
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