Québec invests $20 mln in PE-backed Bloom Lake acquisition
The Québec government has confirmed a $20 million investment in the acquisition of Bloom Lake Mine and related assets by Champion Iron Ltd (TSX: CIA). Champion recently announced it closed a $30 million private placement financing, joined by U.S. private equity firms Wynnchurch Capital and Resource Capital Funds, to help fund the deal. Ressources Québec, a subsidiary of government-run Investissement Québec, is also in discussions concerning its provision of a $6 million loan.
13 April 2016•3 mins read
