CHAMPION IRON COMPLETES US$100 MILLION PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS WITH LA CAISSE

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[{"type":"text","content":"MONTRÉAL, Feb. 4, 2026 /CNW/ - SYDNEY, February 5, 2026 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") is pleased to announce that it has completed its previously announced private placement (the "Private Placement") of 26,795,921 subscription receipts of the Company (the "Subscription Receipts") to Caisse de dépôt et placement du Québec ("La Caisse") at a price of US$3.7319 (C$5.1508) (the "Offer Price") per Subscription Receipt for gross proceeds of US$100 million. Champion intends to use the proceeds from the Private Placement to fund in part the purchase price payable in respect of its previously announced conditional recommended voluntary cash tender offer (the "Offer") to acquire all of the issued and outstanding shares of Rana Gruber ASA ("Rana Gruber").","length":910,"tagName":"p"},{"type":"text","content":"Assuming the issuance of the ordinary shares of the Company (each, an "Ordinary Share") underlying the Subscription Receipts, the Private Placement represents ordinary share dilution to Champion of approximately 5.0% on a non-diluted basis. Together with its previously held interest in the Company and the Private Placement, La Caisse will hold approximately 8.5% of Champion's ordinary shares on a non-diluted basis.","length":432,"tagName":"p"},{"type":"text","content":"The gross proceeds of the Private Placement will be deposited in escrow, to be released to Champion following announcement that the minimum acceptance condition of the Offer has been met, provided the other conditions for completion of the Offer are satisfied and are expected to remain satisfied at the time of closing of the Offer. La Caisse will also receive upon conversion of the Subscription Receipts for Ordinary Shares, a customary capital commitment fee and an amount equal to any dividends declared by Champion and payable to holders of ordinary shares of record as of dates from and including the closing date of the Private Placement until, but excluding the date of the conversion of Subscription Receipts into Ordinary Shares. Should the conditions referred to above not have been satisfied, or the Offer lapse, terminate or be revoked or withdrawn, the gross proceeds of the Private Placement will be ...

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