TORONTO, Nov. 20, 2019 /CNW/ - Labrador Iron Ore Royalty Corporation (the "Corporation") announced that Iron Ore Company of Canada ("IOC") has declared a dividend payable on December 19, 2019. The Corporation's portion is U.S. $33,975,000 or about CDN. $45.0 million.
About Labrador Iron Ore Royalty Corporation
The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.
PO Box 957, STN Adelaide, Toronto, Ontario M5C 2K3 Tel : (416) 863-7133
SOURCE Labrador Iron Ore Royalty Corporation
For further information: John F. Tuer, President & Chief Executive Officer, (416) 863-7133, E-mail- [email protected]