MONTREAL, QC–(Marketwired – May 18, 2017) – Champion Iron Limited (ASX: CIA) (TSX: CIA) (“Champion” or the “Company”), is pleased to announce that its subsidiary, Quebec Iron Ore Inc. (“QIO”), has signed a Framework Off-Take Agreement (the “Agreement”) with Sojitz Corporation (“Sojitz”), a major trading company based in Tokyo, Japan, pursuant to which Sojitz would purchase up to 3,000,000 DMT per annum from QIO after the re-commencement of commercial operations at the Bloom Lake Iron Mine (“Bloom Lake”) located near Fermont, Quebec. Champion is also pleased to announce that it has arranged a $40 million debt and equity bridge financing for Quebec Iron Ore Inc. in order to restart operations at Bloom Lake.
