MONTRÉAL, Feb. 4, 2026 /CNW/ - SYDNEY, February 5, 2026 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") is pleased to announce that it has completed its previously announced private placement (the "Private Placement") of 26,795,921 subscription receipts of the Company (the "Subscription Receipts") to Caisse de dépôt et placement du Québec ("La Caisse") at a price of US$3.7319 (C$5.1508) (the "Offer Price") per Subscription Receipt for gross proceeds of US$100 million. Champion intends to use the proceeds from the Private Placement to fund in part the purchase price payable in respect of its previously announced conditional recommended voluntary cash tender offer (the "Offer") to acquire all of the issued and outstanding shares of Rana Gruber ASA ("Rana Gruber").
Read more at newswire.caCHAMPION IRON COMPLETES US$100 MILLION PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS WITH LA CAISSE
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