I took another look and you are right DMTC. I forgot about the 8million shares at .25 and the 4 million shares at 5 cents.

Champion appears to still have these shares (22 million with avg cost of approx 24 cents)

On May 17, 2012, the Company granted a waiver to Fancamp of the Company’s option to purchase 0.5% of Fancamp’s 50% interest in the Royalty. As consideration for the waiver, Fancamp made a payment of $2,000,000 to the Company, which the Company used to acquire 8,000,000 common shares of Fancamp for $0.25 per share.

 On May 17, 2012, the Company acquired 10,000,000 units of Fancamp for $0.30 per unit for cash of $3,000,000

On December 20, 2013, the Company waived its right of first refusal to allow Fancamp to sell its interest in the Lac Lamêlée Property to Lamêlée Iron Ore Ltd. (formerly Gimus Resources Inc.)(“Lamêlée”). In consideration for the waiver, the Company received 2,000,000 common shares of Lamêlée with a fair value of $240,000 and 4,000,000 common shares of Fancamp with a fair value of $200,000 (“Fancamp Shares”). ( 5 cents a share)