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

Bullboard Posts

Comment by ElanS2on May 28, 2015 6:40pm

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Post# 23775932

RE:LIORC venturing into other royalties NO to resolutions 4 & 5

Yahoo,

"A resolution authorizing LIORC to invest in metal or mineral royalties was not approved by the requisite 75% vote of shareholders."

Now all they need to do will be to clean up their act and : reduce their cost to LIORC by cutting their remuneration and reducing their number. They do not need our authorisation to do that. They just need to show some leadership.
By the way Bone received the third lowest number of votes, out of 9, to stay on the board. He should bow out gracefully and those that were pushing for 4 & 5 should follow him.

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