Contact Center Industry News

TMCNet:  Champion Iron Limited Announces Changes to Its Board of Directors and Financial Year End

[April 09, 2014]

Champion Iron Limited Announces Changes to Its Board of Directors and Financial Year End

(Marketwire (Canada) Via Acquire Media NewsEdge) TORONTO, ONTARIO--(Marketwired - April 9, 2014) - Champion Iron Limited (TSX:CIA)(ASX:CIA) ("Champion") announces with deep regret the passing of Mr. Richard (Dick) Melville Wright on April 5, 2014, after a period of illness. Mr. Wright was an active member of Champion's Board of Directors until his untimely death and his contributions and experience will be missed.

Appointment of Directors and Changes to the Board Champion announces the appointments of Messrs. Gary Lawler and Andrew Love to its Board of Directors, effective immediately.

Mr. Lawler is a leading Australian corporate lawyer who is currently a partner of Ashurst Australia. He brings a wealth of experience to Champion's Board, having previously acted in a director capacity with both Dominion Mining Limited and Riversdale Mining Limited.

Mr. Love is a Chartered Accountant with more than 30 years experience in corporate recovery and reconstruction in Australia. He has had over 25 years of public company Board experience across a broad range of industry sectors but in particular he has worked in the resources and mining industry. Mr. Love has been a director of both public and private companies in the energy and mining industries and was previously Deputy Chairman of Riversdale Mining Limited.

Champion also announces the resignation of Mr. Niall Lenahan as a Director of the Company, effective immediately. Mr. Lenahan remains Company Secretary-Australia.

With the aforementioned changes Champion's Board is comprised of the following seven (7) members: Michael O'Keeffe (Chairman), Gary Lawler, Andrew Love, Thomas Larsen, Donald A. Sheldon, Paul Ankcorn and James Wang.

Director of the Company Thomas Larsen also serves as Champion's Chief Executive Officer. Champion's other officers are: Miles Nagamatsu (Chief Financial Officer), Alexander Horvath (Chief Operating Officer), Niall Lenahan (Company Secretary-Australia) and Jorge Estepa (Vice President and Corporate Secretary-Canada).

Change in Financial Year End and Reporting Currency Following the completion of the previously announced business combination with Champion Iron Mines Limited, the Board has determined that it would be more efficient to adopt a financial reporting date corresponding with a 31 March fiscal year end. This change takes effect in the 2014 financial year and accordingly, the Company will be reporting its results for the period ended 31 March, 2014 and annually thereafter.

The Company also reports that, effective immediately, it has adopted Canadian Dollars (C$) as its reporting currency. This change will enable Champion to report its financial results in Canadian currency, which is where its major assets are located.

About Champion Iron Limited Champion is an iron exploration and development company with offices in Montreal, Toronto and Australia, and is focused on developing its significant iron resources in the Labrador Trough in the province of Quebec. Champion Iron holds a 100% interest in the Fermont Iron Holdings, including its flagship Consolidated Fire Lake North Project, that is located in Canada's major iron ore producing district, in close proximity to producing iron mines, existing transportation and power infrastructure.

Consolidated Fire Lake North is located immediately north of Arcelor Mittal's operating Fire Lake Mine and 60 km south of Cliffs Natural Resources Inc.'s Bloom Lake Mine in northeastern Quebec. Champion's management and advisory board includes mining and exploration professionals with the mine development and operations experience to build, commission and operate the future Consolidated Fire Lake North mine.

Champion also holds an option to earn into 100% of the Snelgrove Lake Project, a highly prospective iron ore project located in the Labrador Trough in Newfoundland and Labrador. The Snelgrove Lake Project has excellent access to infrastructure, with potential for both a hematite and multi-billion tonne magnetite project.

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about planned operations at Champion Iron's projects, including its joint venture projects. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Champion Iron's annual information forms, management discussion and analysis and other securities regulatory filings by Champion Iron on SEDAR (including under the heading "Risk Factors" therein.) There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. All of Champion Iron's forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of Champion Iron's management and information available to management as at the date hereof. Champion Iron disclaims any intention or obligation to update or revise any of its forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

This press release has been prepared by Champion Iron Limited and no regulatory authority has approved or disapproved the information contained herein.

FOR FURTHER INFORMATION PLEASE CONTACT: Champion Iron Limited Mr. Michael O'Keeffe Executive Chairman +612 9810 7816 Champion Iron Limited Mr. Thomas Larsen Director and CEO (416) 866-2200 Source: Champion Iron Limited

[ Back To Cloud Contact Center's Homepage ]


Featured Resources

Featured Report
Millennial Research on Customer Service Expectations

Millennial Research on Customer Service Expectations

The "why" behind this research is simple: our clients recognize that different generations bring different expectations, varied communication preferences and new customer service patterns to the customer experience...
Featured Report
Optimizing the Customer Experience through Cloud Contact Centers

Optimizing the Customer Experience through Cloud Contact Centers

Adoption of cloud contact centers is on the rise. Findings from Aberdeen's January 2014 'Public Cloud vs. On-Premise: How to More Effectively Deploy a Cloud Center' study shows that 31% of contact centers are deployed in the cloud, and our related blog post highlights that companies anticipate their adoption of cloud technology to rise further throughout 2014...
Featured Report
Aberdeen report

Aberdeen Report: Cloud for Mid-Sized Contact Centers – What You Must Know

Cloud Technology is opening new doors for many businesses. However, it does so only when it's combined with the use of best practices and key technology enablers. This document highlights the adoption of cloud technology by mid-size contact centers and illustrates the reasons driving their investments...
Featured Whitepaper
Aberdeen report

Seven Critical Capabilities to Demand From Your Cloud Contact Center Provider

To deliver a world-class customer experience, your contact center must be flexible and reliable, while providing all the tools agents and supervisors need to manage their workflows. Here are seven critical capabilities to look for when deploying a contact center in the cloud...
Featured Webinar

Contact Center Economics and the Cloud

Together, Bob and Drew will help you understand the economic value of upgrading technology, important business and financial considerations, and how to compare total cost of ownership of a premises vs. cloud or hosted solution. Watch the webinar on-demand now...
Featured Datasheet
Zipwire Cloud Contact Center

Zipwire Cloud Contact Center

The appeal of moving services to the cloud is obvious. Cloud services offer reliability and robust feature sets without the need to implement or maintain complex contact center infrastructure. The Zipwire™ cloud-based contact center allows businesses to leverage the flexibility and cost savings of cloud architecture while offering a seamless, first-class customer experience...