| CHAMPION ANNOUNCES COMPLETION OF $1,450,000 PRIVATE PLACEMENT |
Toronto, Canada, December 8, 2008– CHAMPION MINERALS INC. (“Champion” or the “Company”)(TSX-V:CHM) is pleased to announce that it successfully completed its previously announced private placement (see Champion’s news release dated November 26, 2008) of 3,625,000 units (“Units”) at $0.40 each for gross proceeds of $1,450,000 (the “Private Placement”). Each Unit is comprised of one flow-through common share and one-half of one non-flow-through common share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share at an exercise price of $0.70 at any time until June 5, 2010. Major institutional investors in the financing arranged by Becher McMahon Capital Markets Inc. were MineralFields Group and Commandité CGE 2008 inc. As a result of the financing, MineralFields Group now holds 15.83% of the Company’s issued and outstanding common shares and is an insider of the Company.
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Champion Minerals Inc. 8 Dec 2008 - 15:56 |
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| CHAMPION INCREASES FINANCING UP TO $1,450,000 |
Toronto, Canada, December 4, 2008– CHAMPION MINERALS INC. (“Champion” or the “Company”)(TSX-V:CHM) announces an increase in the size of the private placement (the "Private Placement") previously announced on November 26 and November 11, 2008. The offering of Flow-Through Units (the "Units") in the Private Placement, which is being arranged with Becher McMahon Capital Markets Inc. (“BMCM”), has increased up to $1,450,000 from $1,200,000 which was announced on Novmeber 26, 2008. The Private Placement will consist of up to 3,635,000 Units at a price of $0.40 per Unit.
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Champion Minerals Inc. 4 Dec 2008 - 16:27 |
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