Mamba Minerals Ltd to merge with CHAMPION IRON MINES LIMITED

Mamba Minerals Ltd and CHAMPION IRON MINES LIMITED:Says Mamba Minerals Ltd has entered into a definitive arrangement agreement (Arrangement) to effect a merger with CHAMPION IRON MINES LIMITED.Says under the terms of the Arrangement, CHAMPION shareholders will receive 11 Mamba shares for every 15 shares they hold.Says the merged company will remain listed on the Australian Securities Exchange.Says Mamba Chairman Michael O’Keeffe will transition to Executive Chairman of the merged company with an immediate term mandate to progress the development of Fire Lake.Says Thomas Larsen the current Chairman and CEO of CHAMPION will become the CEO of Mamba. 


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