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Champion Iron Secures US$100M to Back Rana Gruber Takeover Bid
9:10am on Thursday 5th of February, 2026 AEDT
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Champion Iron Secures US$100M to Back Rana Gruber Takeover Bid
9:10am on Thursday 5th of February, 2026 AEDT
Key Points
US$100 million private placement completed with La Caisse
Placement involves 26.8 million subscription receipts at US$3.73 each
Funds earmarked to partially finance tender offer for Rana Gruber ASA
Approximate 5% dilution to Champion Iron’s shares on a non-diluted basis
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