Dec 11 (Reuters) - Champion Iron Ltd CIA.AX :
* Announces definitive agreement to acquire Bloom Lake Mine and rail assets
* Says deal for a cash consideration of C$10.5 million and the assumption of
certain liabilities
* Believes there is capacity to reduce "care and maintenance costs at the Bloom
Lake Mine which would reduce the overall required capital"
* private placement financing of ordinary shares at price of C$0.16 per share to raise up to C$25 million
* private placement financing in order to fund the acquisition purchase price
* Discussions with strategic partners, funds, government agencies, private
investors at "advanced stage" to obtain additional financing
* Unit, QUÉBEC iron ore to buy Bloom Lake Mine and related rail assets from affiliates of Cliffs Natural Resources
* Source text for Eikon
* Further company coverage CIA.AX