Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s): LIFZF

Steel Steel

Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.

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Labrador Iron Ore Royalty Corp

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Post by ElanS2on Apr 28, 2015 11:54am

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Post# 23671922

History of the creation of LIORIF Help Please

Hello historians, please help me.
Can anyone reading explain the creation of the income fund ? Looking at the price chart leads me to believe that it was created in late 1996. Was it associated with the aquisition of IOC by North ? Where did the 15.1% come from ? Whom of the previous owners gave up their participation in order to create the fund and what did the original fund pay in order to create itself ?

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