Dec 14 (Reuters) - Champion Iron Ltd CIA.AX :
* Acquisition of bloom lake & financing CIA.AX
* Says bloom lake assets and the quinto claims are being acquired for a cash consideration of C$10.5 million
* Says Champion announces definitive agreement to acquire bloom lake mine and rail assets
* Announcing a private placement financing of ordinary shares at a price of C$0.16 per share to raise up to C$25 million
* QUÉBEC iron ore will also become responsible for environmental obligations which include environmental reclamation liabilities presently assessed at C$41.7 million by government of QUÉBEC
* Says Champion believes there is capacity to reduce the care and maintenance costs at the bloom lake mine
* Source text for Eikon ID:nASX8Vv6TJ