Champion Iron Limited Announces Annual General Meeting Voting Results
MONTREAL, Aug. 20, 2018 - Champion Iron Ltd. (ASX: CIA, TSX: CIA)(“Champion” or the “Company”) advises that at an Annual General Meeting of the Company’s shareholders (the “Meeting”) which was held in Montreal, Quebec on August 17, 2018, the following resolutions were passed by the requisite majorities by a vote by way of show of hands and by ballot as follows:
| Resolution | Votes For | Votes Against | Votes Abstain/Exclude |
| 1. Approve the Remuneration Report | 115,004,028 (91.58%) | 10,570,767 (0.42%) | 99,693,667 (1) |
| 2. Appointment of Director – Michael O’Keeffe | 150,010,343 (99.73%) | 411,366 (0.27%) | 57,311,838 (2) |
| 3. Appointment of Director – Gary Lawler | 206,138,241 (99.96%) | 88,331 (0.04%) | 1,506,975 (3) |
| 4. Appointment of Director – Andrew Love | 206,238,241 (99.92%) | 168,331 (0.08%) | 1,326,975 (3) |
| 5. Appointment of Director – Michelle Cormier | 207,652,081 (99.99%) | 29,066 (0.01%) | 52,400 (4) |
| 6. Appointment of Director – Wayne Wouters | 207,598,241 (99.95%) | 109,066 (0.05%) | 26,240 (5) |
| 7. Appointment of Director Jyothish George | 207,592,166 (99.95%) | 109,406 (0.05%) | 31,975 (6) |
| 8. Ratification of securities issues | 139,978,896 (99.94%) | 78,133 (0.06%) | 67,001,518 (7) |
| 9. Grant of share rights to Michael O’Keeffe | 134,804,472 (92.61%) | 10,759,488 (7.39%) | 67,001,518 (8) |
| 10. Approval of Champion Iron Incentive Plan | 143,493,303 (98.60%) | 2,042,882 (1.40%) | 62,192,362 (9) |
| Notes: | (1) Represents votes held directly or indirectly by members of Champion’s Board of Directors, Key Management Personnel which were excluded from voting plus 59,494,992 Ordinary Shares which abstained from voting. |
| (2) Represents votes held directly or indirectly by the named individual Director of Champion which were excluded from voting plus 21,906,975 Ordinary Shares which abstained from voting. | |
| (3) Represents votes held directly or indirectly by the named individual Director of Champion which were excluded from voting plus 31,975 Ordinary Shares which abstained from voting. | |
| (4) Represents votes held directly or indirectly by the named individual Director of Champion which were excluded from voting plus 32,400 Ordinary Shares which abstained from voting. | |
| (5) Represents 26,240 Ordinary Shares which abstained from voting. | |
| (6) Represents 31,975 Ordinary Shares which abstained from voting. | |
| (7) Represents 66,944,444 votes which were excluded plus 57,074 Ordinary Shares which abstained from voting. | |
| (8) Represents votes held directly or indirectly by members of Champion’s Board of Directors, Key Management Personnel which were excluded from voting plus 21,910,952 Ordinary Shares which abstained from voting. | |
| (9) Represents votes held directly or indirectly by members of Champion’s Board of Directors, Key Management Personnel which were excluded from voting plus 21,933,687 Ordinary Shares which abstained from voting. |
At the Meeting, the total Ordinary Shares represented in person or by proxy was 225,403,005 representing approximately 54.2% of the outstanding Ordinary Shares.
For further details, visit the Company’s filings on SEDAR at www.sedar.com.
About Champion Iron Limited
Champion is an iron mining, development and exploration company, focused on developing its significant iron resources in the south end of the Labrador Trough in the province of Québec. Following the acquisition of its flagship asset, the Bloom Lake iron ore property, the Company implemented upgrades to the mine and processing infrastructure and has partnered in projects associated with improving access to global iron markets, including rail and port infrastructure initiatives with government and other key industry and community stakeholders. Champion’s management team includes professionals with mine development and operations expertise, who also have vast experience from geotechnical work to green field development, brown field management including logistics development and financing of all stages in the mining industry.
For further information, please contact:
Michael O’Keeffe, Executive Chairman and CEO at Tel. +1 514-316-4858
David Cataford, COO at Tel. +1 514-316-4858
For additional information on Champion Iron Ltd., please visit our website at www.championiron.com.
Forward-Looking information
This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. All statements, other than statements of historical facts, included in this news release that address the expected restart date of Bloom Lake as well as future activities, events, developments or financial performance constitute forward- looking information. The use of any of the words “will”, “expect”, “anticipate”, “intend”, “believe”, “plan”, “potential”, “outlook”, “forecast”, “estimate” and similar expressions are intended to identify forward-looking information. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Champion Iron’s final short form prospectus relating to a completed equity Offering, annual information form, management’s discussion and analysis and other securities regulatory filings made by Champion Iron on SEDAR (including under the heading “Risk Factors” therein). There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward- looking information. Accordingly, readers should not place undue reliance on forward-looking information. All of Champion Iron’s forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of Champion Iron’s management and information available to management as at the date hereof. Champion Iron disclaims any intention or obligation to update or revise any of its forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.