Champion Iron Limited has completed a US$100 million private placement of 26,795,921 subscription receipts to Caisse de dépôt et placement du Québec at a price of US$3.7319 per receipt. The proceeds will be used in part to fund the company’s conditional recommended voluntary cash tender offer to acquire all issued and outstanding shares of Rana Gruber ASA. The private placement represents approximately 5% dilution on a non-diluted basis, with La Caisse now holding about 8.5% of Champion’s ordinary shares. The subscription receipts have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without proper registration or exemption.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Champion Iron Limited published the original content used to generate this news brief on February 04, 2026, and is solely responsible for the information contained therein.