IRON ORE COMPANY OF CANADA DIVIDEND
02 12월 2022 - 6:19AM
PR Newswire (Canada)
TORONTO, Dec. 1, 2022
/CNW/ - Labrador Iron Ore Royalty Corporation ("LIORC") announced
that Iron Ore Company of Canada
("IOC"), in which LIORC holds a 15.1% equity interest, has declared
a dividend to be paid in December. LIORC's portion of the IOC
dividend is U.S. $11.3 million, or
about CDN. $15.2 million. For further
clarity, this announcement refers to the declaration of an IOC
dividend to be received by LIORC and is NOT the declaration by
LIORC of a dividend to be paid to LIORC shareholders. LIORC
typically declares a fourth quarter dividend later in December
based on the total amount of cash expected to be received in the
quarter, including the IOC dividend.
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.
SOURCE Labrador Iron Ore Royalty Corporation
Copyright 2022 Canada NewsWire
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