CIA 0.73% $5.53 champion iron limited

News: CIA Champion Iron updates on acquisition of specialised iron ore railcars

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    March 15 (Reuters) - Champion Iron Ltd (CIA)

    • Acquisition of specialised iron ore railcars
    • Bloom lake mine ("bloom lake") is a step closer to recommencement of mining operations following acquisition of a fleet of railcars
    • Co is paying 6% of acquisition price as a down-payment with balance to be financed by a three year seller note at a rate of libor plus 1.75% per annum
    • Société de voitures de chemin de fer du lac bloom inc. Acquired 735 specialized iron ore railcars from canadian iron ore Railcar Leasing LP
    • Deal for consideration of US$30.1 million
 
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