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News   Natural Resources   Champion Iron Mines set to receive $11 million...

Champion Iron Mines set to receive $11 million from Quebec gov't

Stockhouse Editorial
0 Comments| July 17, 2013
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Champion Iron Mines (TSX: T.CHM, Stock Forum) Wednesday announced that Revenu Québec has confirmed to the company that it will advance $11 million against the claims for the refundable tax credit on exploration expenditures of $13,502,212 for the years ended March 31, 2011 and 2012, pending the completion of the audit of the claims scheduled for late August 2013, this according to a company news release.

Champion Iron Mines added that it expects to receive the initial funds within 10 days.

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