Champion Iron Ord Shs T.CIA

Alternate Symbol(s): CIAFF

Steel Steel

Champion Iron Limited is an Australia-based iron ore exploration and development company. The Company, through its wholly owned subsidiary, Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 kilometers (km) north of Fermont, Quebec. Bloom Lake is an open-pit operation with two concentrators that primarily source energy from renewable hydroelectric power. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-lles, Quebec, and has sold its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project, located a few km south-east of Bloom Lake, and the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.

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Champion Iron Ord Shs > Dividend on Ordinary Shares

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Comment by rustybladeson Jan 27, 2022 12:56pm

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Post# 34367253

RE:RE:Dividend on Ordinary Shares

The CEO was on BNN this morning talking about the recent quarter. The plan for the dividend is for a semi-annual payment.

rustyblades wrote: I interpreted the release as a semi-annual dividend of 10 cents now with a re-evaluation after the next six months for a possible annual dividend of 20 cents or higher.

Question is once they are comfortable paying the 20 cents, will it become a quarterly payment or remain as a semi-annual payment.

Betteryear2 wrote:
The Board declared an inaugural dividend of $0.10 per ordinary share on January 26, 2022 (Montral time) / January 27, 2022 (Sydney time) in respect to the semi-annual results for the period ended September 30, 2021, payable on March 1, 2022, to registered shareholders at the close of business in Australia and Canada on February 8, 2022 (local time). The ordinary shares will begin trading on an ex-dividend basis at the open of trading in Australia and Canada on February 7, 2022.

The Board will evaluate any potential future dividends concurrently with the release of the Company's semi-annual and annual results.

For shareholders holding ordinary shares on the Australian share register, the dividend will be paid in Australian dollars. The dividend amounts received will be calculated by converting the dividend determined to be paid using the exchange rates applicable to Australian dollars five business days prior to the dividend payment date as published by the Bank of Canada.

For additional details on ordinary dividends, visit our website at www.championiron.com.