03:41 PM EST - Champion Minerals Inc. : announced that it has completed offering of $12.19 million in units of the company at $1.15 per Unit. Each Unit consists of one common share and one half of one common share purchase warrant. Each whole Unit Warrant shall be exercisable to acquire one common share of the company at $1.50 per share until April 30, 2012. The company intends to use the net proceeds to fund the exploration and development of Fermont Iron Property, in particular the prospective Harvey Tuttle claim block with its 5km-by-5km zone commonly referred to as the "Mammoth Zone", as well as for general corporate purposes. Champion Minerals Inc.
shares V.CHM are trading down $0.05 at $0.97.
