Aug 29 (Reuters) - Champion Iron Ltd CIA.AX
* $25m financing & offtake agreement with Glencore (LON:GLEN)
* Off-Take arrangements with Glencore in connection with Bloom lake mine restart
* Commitment also contemplates that QIO and Glencore will enter into an off-take agreement with fixed terms for 10 years
* reducing expected size of its previously announced public offering of subscription from approximately c$50 million to up to c$20 million
* Debenture will have a term to maturity of 8 years and bear interest at a rate of 12% for first year
* Glencore will also have right to nominate one person to board of directors of champion, subject to shareholder and regulatory approvals.