Labrador Iron Ore Royalty Corp.

TORONTO, May 7, 2018 /CNW/ - Labrador Iron Ore Royalty Corp. announced today its operation and cash flow results for the first quarter ended March 31, 2018. Royalty revenue for the first quarter of 2018 amounted to $33.8 million as compared to $42.8 million for the first quarter of 2017. Equity earnings from Iron Ore Company of Canada amounted to $14.6 million or $0.23 per share in the first quarter of 2018 as compared to [...]

TORONTO, May 2, 2018 /CNW/ - Labrador Iron Ore Royalty Corp. reported today that its shareholder rights plan agreement dated April 18, 2018 has been amended to provide a grandfathering provision to prevent inadvertent triggering of the Rights Plan upon adoption, to define "controlled" in terms of voting securities, and to provide more detailed definitions of Permitted Bid and Competing Permitted Bid. The amendments were [...]

TORONTO, April 18, 2018 /CNW/ - Labrador Iron Ore Royalty Corp. announces that its Board of Directors has adopted a shareholder rights plan . The Rights Plan is similar to shareholder rights plans adopted by other Canadian public companies and LIORC believes it is consistent with certain published institutional investor guidelines. The Rights Plan was not adopted in response to or in contemplation of any known take-over [...]

TORONTO, April 18, 2018 /CNW/ - Labrador Iron Ore Royalty Corp. announced that it has been advised that the USW Local 5795/6731 in Labrador City rejected the latest offer proposed by Iron Ore Company of Canada and USW negotiations teams. As noted in the previous press release, the strike at IOC is expected to adversely affect the revenue of LIORC as its income is entirely dependent on the sale of iron ore products by IOC [...]

TORONTO, April 2, 2018 /CNW/ - Labrador Iron Ore Royalty Corp. announced that it has been advised that the USW Local 9344 has rejected IOC's offer and voted in favour of a strike. Given statutory delays, Local 9344 will not have the right to actually strike before April 10 at the earliest.  IOC is having ongoing discussions with the union regarding the maintenance, during a strike, of essential services for which some [...]

TORONTO, March 27, 2018 /CNW/ - Labrador Iron Ore Royalty Corp. announced that it has been advised that in the evening of Monday, March 26, the USW Locals 5795 and 6731 voted on Iron Ore Company of Canada's final offer presented on Friday, March 23. IOC's offer was rejected and USW employees voted in favour of a strike. LIORC understands that IOC has activated its contingency plan which in the short term consists of [...]

TORONTO, March 8, 2018 /CNW/ - Labrador Iron Ore Royalty Corp. announced the results of its operations for the year ended December 31, 2017. To the Holders of Common Shares of Labrador Iron Ore Royalty Corp.  80 Years in Labrador West Labrador Iron Ore Royalty Corp. has been involved in Labrador West for 80 years. Under a Statutory Agreement with Newfoundland made in 1938, a predecessor company, Labrador Mining and [...]

TORONTO, March 8, 2018 /CNW/ - The Directors of Labrador Iron Ore Royalty Corp. declared today a regular quarterly cash dividend of $0.25 per Common Share. The Directors also declared a special dividend of $0.10 per Common Share for total dividends of $0.35 per Common Share.  All amounts are payable to holders of record at the close of business on March 31, 2018 and to be paid on April 25, 2018. Iron Ore Company of Canada [...]

Labrador Iron Ore Royalty is pleased to announce the appointment of John Tuer as a Director of the Corporation. The opportunity to add John to the Board was created by increasing the number of Directors from seven to eight. John is an experienced investment banker and lawyer. He has over 20 years experience in the securities industry and is highly regarded in the merger and acquisition advisory business. His knowledge and [...]

TORONTO, Dec. 14, 2017 /CNW/ - The Directors of Labrador Iron Ore Royalty Corp. declared today a regular quarterly cash dividend of $0.25 per Common Share. The Directors also declared a special dividend of $0.30 per Common Share for total dividends of $0.55 per Common Share.  All amounts are payable to holders of record at the close of business on December 31, 2017 and to be paid on January 25, 2018. Iron Ore Company of [...]