MONTRÉAL, April 10, 2026 /CNW/ - / SYDNEY, April 11, 2026 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") is pleased to announce that payment instructions have been effectuated for the payment and completion of its previously disclosed voluntary cash tender offer (the "Offer") to acquire all of the issued and outstanding shares of Rana Gruber ASA ("Rana Gruber"), a leading Norwegian producer of high-purity iron ore, at a price of NOK 79 per share in cash (the "Transaction"). Acceptances of the Offer were received from a total of 34,297,377 shares held by Rana Gruber's shareholders, representing 92.48% of the issued and outstanding share capital and voting rights of Rana Gruber.
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CHAMPION IRON COMPLETES THE ACQUISITION OF RANA GRUBER
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