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Quebec Iron Inc. completes the increase of the amount of the credit facility of its Bloom Lake Phase II Expansion Project

Date Closed

December 23, 2020

Lead Office

Québec City


400.00 Million USD

On December 23, 2020 Québec Iron Ore Inc. completed an amendment and increase to its existing credit facilities from US$200 million to US$400 million in connection with the Bloom Lake Phase II expansion project.

Québec Iron Ore Inc. owns and operates the Bloom Lake Mining Complex and is a subsidiary of Champion Iron Limited, which is an iron ore exploration and development company.

McCarthy Tétrault LLP advised Québec Iron Ore Inc. with a team led by Louis-Nicolas Boulanger that included Louis-Philippe Samson, Francois Dupuis, Mary-Jeanne Phelan, Konstantin Sobolevski and Laetitia Ouedraogo (Business), Dominique Amyot-Bilodeau (Environment), John Boscariol (Trade), Danielle Drolet and Danielle Gagnon (Real Property), and Charles-Antoine Soulière (Securities).