TORONTO, Dec. 7 /CNW/ - CHAMPION MINERALS INC. ("Champion" or the
"Company") is pleased to announce that it has received final listing approval
from the TSX Venture Exchange (the "Exchange") as a Tier 2 mining issuer. The
common shares of the Company will be listed and posted for trading on the
Exchange commencing Monday, December 10, 2007, under the trading symbol CHM.
Champion currently has 10,665,535 common shares issued and outstanding.
In accordance with the policies of the Exchange, pursuant to an escrow
agreement dated November 28, 2007, an aggregate of 3,368,988 shares held by
directors, officers and insiders of Champion have been deposited into escrow
pursuant to a Tier 2 Value Security Escrow Agreement.
"This is the start of a new era for Champion as our shares start trading
on the TSX Venture Exchange under the symbol CHM," said Thomas G. Larsen,
president of Champion. "We are extremely enthusiastic about the exploration
potential of our properties and the prospects of adding significant
shareholder value through our exploration activities."
Champion is a junior exploration company focused on discovering and
developing significant metal resources in eastern Canada, particularly
Newfoundland and Labrador. The Company currently has two properties, the
Powderhorn base metal project located in central Newfoundland, and the
Attikamagen Lake iron ore project located in Labrador.
Champion's Listing Application to the Exchange, its NI 43-101 Technical
Report and other information about Champion can be obtained from the
System for Electronic Document Analysis and Retrieval (SEDAR) website at
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
For further information:
For further information: Thomas G. Larsen, the President and CEO of the
Company or Jorge Estepa, Vice President of the Company, at (416) 866-2200