For: 32,069,282 73.32%
Against: 11,670,067 26.68%
It didn't pass but not by much. If the board members remain the same we can probably expect this to come back.
From SEDAR :
5. Amendment to Business Restrictions - Investment in Metal or Mineral Royalties
On a vote by ballot, a resolution in the form attached as Appendix D to the Circular that would have authorized an amendment to the articles of LIORC to give LIORC the flexibility to pursue attractive opportunities by acquiring, owning, holding, possessing, retaining and managing, directly or indirectly, interests in metal or mineral royalties or in entities whose primary source of revenue is metal or mineral royalties without prior shareholder approval and to issue up to 20% of the outstanding common shares (12.8 million) of LIORC in the aggregate as consideration for, or for cash to finance, an acquisition permitted under the restrictions on business LIORC may carryon as set forth in its articles, was not approved.
Vote For % Votes :For Votes Against 32,069,282 73.32 11,670,067
Dated May 28, 2015.
LABRADOR IRON ORE ROYALTY CORPORATION
James C. Mcf.artney
Executive Vice President and Secretary