Champion Minerals Inc. Joins OTCQX
TORONTO, ONTARIO -- (Marketwire) -- 05/14/12 -- Champion Minerals Inc. (TSX: CHM)(OTCQX: CPMNF)(FRANKFURT: P02) ("Champion") is pleased to announce that it is now trading in the United States on the highest tier of the OTC market, the OTCQX®. The OTCQX® is operated by OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world's largest electronic marketplace for OTC-traded equities.
Champion began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for Champion on www.otcmarkets.com.
"Joining the OTCQX will help Champion increase its profile with both private and institutional investors in the United States," stated Thomas Larsen, Champion's President and C.E.O. "We look forward to communicating our message and updating Champion's progress to a wide audience of investors as we broaden our shareholder base and advance our Fermont Iron Ore Properties into production."
"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Champion Minerals to OTCQX."
Stifel Nicolaus & Company, Inc. will serve as Champion's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Champion Minerals Inc.
Champion Minerals is an iron ore exploration and development company with offices in Montreal and Toronto, and is focused on developing its significant iron ore resources in the provinces of Quebec and Newfoundland and Labrador. The Company's projects include: the Fermont Projects in Quebec; and the Attikamagen Iron Property in Quebec and Labrador. Champion's Fermont holdings comprise seventeen properties, four of which - Fire Lake North, Bellechasse, Harvey-Tuttle and Moire Lake - host combined estimates of current Measured and Indicated Iron Mineral Resources totalling 564 million tonnes and Inferred Iron Mineral Resources totalling 2.2 billion tonnes.
Champion's Fermont Projects, including the flagship Fire Lake North Project, are located in Canada's major iron ore producing district, in close proximity to three producing mines. Champion's team and advisory board includes mining and exploration professionals with substantial iron ore expertise to effectively advance the Fire Lake North Project into production.
Champion Minerals Inc. (TSX: CHM)(OTCQX: CPMNF) now trades in the United States on OTCQX under the symbol "CPMNF".
Please visit Champion's website at www.championminerals.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC marketplace for equity securities. Our OTC Link® trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. We organize the wide spectrum of OTC-traded equity securities into three marketplaces to inform investors of opportunities and risks - OTCQX - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent, and Connected marketplace, visit www.otcmarkets.com.
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The statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. 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 the companies' annual information forms, management discussion and analysis and other securities regulatory filings by the companies 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 forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management of the companies and information available to management as at the date hereof. The company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. This press release has been prepared by Champion Minerals Inc. and no regulatory authority has approved or disapproved the information contained herein.
Contacts:
Champion Minerals Inc.
Thomas G. Larsen
President and CEO
(416) 866-2200
(416) 361-1333 (FAX)
Champion Minerals Inc.
Jorge Estepa
Vice-President
(416) 866-2200
(416) 361-1333 (FAX)
www.championminerals.com
OTC Markets Group Inc.
Grace Keith
Media Contact
+1 (212) 896-4428
grace@otcmarkets.com
www.otcmarkets.com