Century Iron Acquires Remaining Interest in Attikamagen Lake

Century Iron Mines Corp. (TSX:FER) announced yesterday that it has completed its acquisition of the remaining interest in the Quebec-based Attikamagen Lake project.

As quoted in the press release:

In consideration, Century received $1,020,000 for the issuance of 2,000,000 common shares and 1,000,000 purchase warrants in accordance with the terms of the Transaction, among other terms already fulfilled and as described in previous news releases.

Pursuant to the terms of the Transaction, Champion Iron Mines Limited returned $786,506 to Labec Century Iron Ore Inc. (“Labec Century”), representing funds it received while it was the operator of the Project.

In addition, the registrations of the title transfers to Labec Century in the registries of the Provinces of Québec and Newfoundland and Labrador have also been completed.

Click here to read the full Century Iron Mines Corp. (TSX:FER) press release.