War Eagle Mining Company Inc. and Champagne Resources Limited announced that they have entered into an agreement to merge the two companies. Upon the merger with War Eagle, Ms. Danièle Spethmann will be appointed as President and CEO, and as a director and Mr. Paul Carroll will remain Chairman. War Eagle will have three representatives on the board of directors and Champagne will have two representatives, being Ms. Spethmann and Peter Winnell, another Champagne-appointed director.

Donald Padgett is expected to resign from the Board of War Eagle on closing of the merger to accommodate the incoming Champagne representatives.