Iron Company News Directory

Champion Iron Partners Up to Advance Rail Feasibility

Champion Iron Limited (TSX:CIA) announced that the Government of Québec and Lac Otelnuk Mining Ltd., a joint venture between Adriana Resources ("Adriana") and WISCO International Resources Development & Investment Limited, have formed a partnership for the advancement of a feasibility study for a new rail line in the Labrador Trough. The partnership is called "La Société ferroviaire du Nord québécois," or the SFNQ.

Oceanic Iron Closes Private Placement

Oceanic Iron Ore (TSXV:FEO,OTCQX:FEOVF) announced it has closed a private placement, raising gross proceeds of $3,049,750. The company had issued 15,248,750 units with each unit consisting of one common share and one share purchase warrant allowing the holder to purchase an additional common share for $0.30 until April 9, 2017.