Satisfaction of minimum acceptance condition for Rana Gruber
Filed with ASX · · 3 pages · English
Summary by 6ix
Following this acceptance, Champion intends to proceed with a compulsory acquisition of the remaining shares in accordance with Norwegian laws. This press release serves to update stakeholders on the progress of the acquisition offer and its conditions.
6ix wrote this summary in English from the company’s filing.
MONTRÉAL, March 11, 2026 / SYDNEY, March 12, 2026 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") is pleased to provide an update regarding its previously announced conditional recommended voluntary cash offer to acquire all issued and outstanding shares of Rana Gruber at a price of NOK 79 per share (the "Offer"). Champion has received acceptances from sh