TORONTO, ONTARIO--(Marketwired - Jul 17, 2013) -
Champion Iron Mines Ltd. (TSX:CHM)(OTCQX:CPMNF)(FRANKFURT:P02) ("Champion", or the "Company") announces that Revenu Québec has confirmed to the Company that it will advance $11,000,000 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. The Company expects to receive the initial funds within 10 days. As reported in the Company's audited financial statements for the year ended March 31, 2013, the Company has filed for years ended March 31, 2011 and 2012, and will file for the year ended March 31, 2013...
[...]