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 19, 2021 11:25am

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Post# 33021859

FRANCO-NEVADA CORP - 9.9% EQUITY INV in LIF

From an NR this morning:

FRANCO-NEVADA CORP - HAS ALSO ACCUMULATED A 9.9% EQUITY INVESTMENT IN LABRADOR IRON ORE ROYALTY CORPORATION

Let,s see how long it takes for our very active and transparent board to tell us about this, if they ever decide to do so.

This may be just what it takes to shake the tree and clear out some of the non-contributors.
At 9.9% will that give them enough clout to merit a seat on the board and stir things up a bit ?
I certainly hope so.

Keep an eye on this new story.

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