Results of Extraordinary General Meeting Held BY Champion Iron Limited
RESULTS OF EXTRAORDINARY GENERAL
MEETING HELD BY CHAMPION IRON LIMITED
ON JULY 10, 2017 IN SYDNEY, NSW, AUSTRALIA
Montréal (Québec), Canada, July 10, 2017: C hampion Iron Limited (ASX and TSX : CIA)
(the “Company”, or “Champion”) a dvises that at an Extraordinary General Meeting of the
Company’s shareholders, which was held in Sydney on July 10, 2017, the following resolutions were
passed by the requisite majorities;
Resolutions passed on a show of hands:
RESOLUTION 1: Ratification of securities issues
RESOLUTION 2: Grant of share rights to Michael O’Keeffe
RESOLUTION 3: Grant of Options to Gary Lawler
RESOLUTION 4: Grant of Options to Andrew Love
A summary of proxy votes is attached in accordance with ASX Listing Rule 3.13.2 and as required
by Section 251AA (2) of the Corporations Act 2001 (Cth).
Resolution
Votes
For
Votes
Against
Votes
Discretionary
Votes
Abstain/Exclude
1. Ratification of
securities issues
217,530,867
87,362
13,263,144
1,992,732
2. Grant of share
rights to Michael
O’Keeffe
184,916,089
168,333
13,263,144
34,526,539
3. Grant of
Options to Gary
Lawler
206,627,104
331,818
13,263,144
12,652,039
4. Grant of
Options to
Andrew Love
206,627,104
331,818
13,263,144
12,652,036
About Bloom Lake
On April 11, 2016, the Company, through its subsidiary QIO, acquired the Bloom Lake assets from
affiliates of Cliffs Natural Resources Inc. that were subject to restructuring proceedings under the
Companies’ Creditors Arrangement Act (Canada). Québec Iron Ore Inc. is 63.2% owned by the
Company, with the remaining 36.8% equity interest owned by Ressources Québec, acting as a
mandatory of the Government of Quebec.
The Bloom Lake property is located on the south end of the Labrador Trough, approximately 13 km
north of Fermont, Quebec, and 10 km north of the Mount -Wright iron ore mining operation of
ArcelorMittal Mines Canada. The Bloom Lake Mine is an open pit truck and shovel operation, with a
concentrator. From the site, iron concentrate can be transported b y rail, initially on the Bloom Lake
Railway, to a ship loading port in Sept-Iles, Québec.
The Bloom Lake Mine has already been authorized for operation under the federal and provincial
environmental authorities. The project was subject to an environmenta l impact assessment process
under Section 31.1 of the Québec Environment Quality Act, which led to the first decree issued by the
Quebec government in 2008 authorizing mining activities at the Bloom Lake site. An updated positive
Feasibility Study on Bloom Lake has been completed and is available under the Company’s profile on
SEDAR (www.sedar.com).
About Champion
Champion is an iron 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’s main focus is to implement upgrades to the mine and processing infrastructure it
now owns while also advancing projects assoc iated 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 Limited, please visit our website at www.championiron.com
This news release includes certain info rmation 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 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’s annual information
form, management’s discussion and analysis and other securities regulatory filings made by Champion 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’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’s management and information
available to management as at the date hereof. Champion 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.