a year ago this article stated that Ontario Teachers Pension Plan..is a key investor in X2..and has a....500 million dollar commitment..

Note my prior article with Glencore and...Ontario Teachers Pension Plan...which came out...yesterday....

yesterdays article regarding Glencore stated "The sources said on Friday it was now in talks to create a 50:50 venture for the assets with Canada's Ontario Teachers' Pension Plan."

http://www.theaustralian.com.au/business/mining-energy/x2-resources-to-restructure-after-losing-key-investors/news-story/7f630d5959947bfcbadceb7fe416f1e4

"The fund’s other contributors included Abu Dhabi Investment Council, and three Canadian pension funds — PSP Investments, Ontario Teachers’ Pension Plan, and Caisse de Depot et Placement du Quebec — as well as a number of smaller investors, according to the people familiar with the matter. The six key investors committed $US500 million each, these people said."

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The Caisse de Depot, invested in X2 is also interesting to me because..

a week ago there was this news..

http://www.montrealgazette.com/business/caisse+backs+efforts+reopen+bloom+lake+mine/13696045/story.html

 Efforts to restart the idled Bloom Lake iron ore mine got a boost Thursday after the Caisse de depot pension fund manager and a mining lending group agreed to provide US$180 million in debt financing to a subsidiary of Champion Iron Ltd. (TSX:CIA).

The Caisse will provide US$100 million in subordinated debt partially tied to the price of iron ore while Sprott Resource Lending will provide US$80 million in the form of a five-year senior secured loan.

The iron ore mine in the Labrador Trough near Fermont, Que., is expected to reopen as early as the first quarter of next year

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Don't forget about the chuck of shares that RCF owns of ....Champion...

And don't forget the wack of shares that Fancamp owns of Champion..

DENVER, April 13, 2016 /CNW/ - Resource Capital Fund VI L.P. ("RCF VI") reports that it has purchased 40,331,250 ordinary shares (the "Shares") in the capital of Champion Iron Limited ("Champion") in connection with an offering, on a private placement basis, of an aggregate of 187,500,000 ordinary shares of Champion for aggregate gross proceeds of C$30 million, completed as of April 11, 2016 (the "Offering").

The Shares were acquired at a price of $0.16 per Share, for gross proceeds paid to Champion by RCF VI of C$6.453 million.

Following the completion of the Offering, RCF VI beneficially owns, directly or indirectly, 40,331,250 Champion ordinary shares, representing approximately 10.45% of the current issued and outstanding Champion ordinary shares and 9.50% of the issued and outstanding Champion ordinary shares on a fully diluted basis. RCF VI did not own or control any Champion ordinary shares prior to the Offering.

RCF VI acquired the Shares for investment purposes. RCF VI may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of Champion.