BUZZ-Australia's Champion Iron rises on Bloom Lake Mine acquisition by unit
** Champion Iron Ltd rises as much as 34.6 pct to A$0.175, its highest since Nov 23
** Stock on track for its biggest percentage gain since Feb 17
** Says Canadian unit Quebec Iron Ore signs agreement to buy Bloom Lake Mine and related rail assets
** To raise up to C$25 mln ($18.2 mln) to fund the acquisition
** Champion shares down about 32 pct this year as of Thursday's close; company sought trading halt on Friday pending announcement of the acquisition
($1 = 1.3746 Canadian dollars) (Reuters Messaging: firstname.lastname@example.org)
© Thomson Reuters 2016 All rights reserved.