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BRIEF-Champion Iron updates on acquisition of specialised iron ore railcars

Published 15/03/2017, 12:19 pm
© Reuters.  BRIEF-Champion Iron updates on acquisition of specialised iron ore railcars
CIA
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March 15 (Reuters) - Champion Iron Ltd CIA.AX

* Acquisition of specialised iron ore railcars

* Bloom lake mine ("bloom lake") is a step closer to recommencement of mining operations following acquisition of a fleet of railcars

* Co is paying 6% of acquisition price as a down-payment with balance to be financed by a three year seller note at a rate of libor plus 1.75% per annum

* Société de voitures de chemin de fer du lac bloom inc. Acquired 735 specialized iron ore railcars from canadian iron ore Railcar Leasing LP

* Deal for consideration of US$30.1 million Source text for Eikon: ID:nASX7WjM0F Further company coverage: CIA.AX

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