Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Newly acquired Fermont Interest?

sorry...to answer my own question:

The information is in a Champion NR (1/11/2011):

The Acquisition Agreement

Under the terms of the acquisition agreement executed between Champion and an arm’s length individual (the “Vendor”), Champion is acquiring a 100% interest in the Black Dan and East Inlet Properties through the payment of $60,000 and the issuance of 80,000 Champion common shares to the Vendor. The issuance of the 80,000 common shares is subject to regulatory approval and a resale restriction of four months plus one day from the closing date.

So FNC will not be paying anything significant for its 17.5%.

Cheers

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