Consolidated Thompson Iron Mines Limited (CLM) announced that it has signed a definitive subscription agreement with Wuhan Iron and Steel Corporation (Wuhan Steel) in respect of the previously announced strategic investment of $240 million by the mill into CLM. The Definitive Agreement provides for Wuhan Steel to subscribe for 38,681,023 common shares of the Company at a price of CAD 2.72 per share for an aggregate subscription price of CAD 105 million, which shares represent 20% of the issued and outstanding CLM shares post-transaction. CLM and Wuhan Steel will establish a limited partnership, of which the Chinese mill will hold a 25% interest, and to which CLM will contribute the Bloom Lake property. Wuhan Steel will contribute the balance of the previously announced $240 million to the limited partnership in exchange for its interest therein.