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LABRADOR IRON ORE ROYALTY CORPORATION - IRON ORE COMPANY OF CANADA DIVIDEND
LABRADOR IRON ORE ROYALTY CORPORATION - IRON ORE COMPANY OF CANADA DIVIDEND Canada News...
About this update from Labrador Iron Ore Royalty Corporation
[{"type":"text","content":"\n\n\n\n LABRADOR IRON ORE ROYALTY CORPORATION - IRON ORE COMPANY OF CANADA DIVIDEND\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Nov. 27, 2024\n \n\n /CNW/ - Labrador Iron Ore Royalty Corporation (\"LIORC\") announced that Iron Ore Company of\n \n Canada\n \n (\"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.\n \n $15.1 million\n \n , or about CDN.\n \n $21.3 million\n \n . For further clarity, this announcement refers to the declaration of an IOC dividend to be received by LIORC and is\n \n NOT\n \n the declaration by LIORC of a dividend to be paid to LIORC shareholders. LIORC typically declares a fourth quarter dividend in December based on the total amount of cash expected to be received in the quarter, including the IOC dividend.\n \n\n\n About Labrador Iron Ore Royalty Corporation\n \n\n\n 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 on all iron ore products produced, sold and shipped by IOC and a\n \n 10 cent\n \n per tonne commission on all iron ore products produced and sold by IOC.\n \n\n\n\n Forward-Looking Statements\n \n\n\n This report may contain \"forward-looking\" statements that involve risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Words such as \"may\", \"will\", \"expect\", \"believe\", \"plan\", \"intend\", \"should\", \"would\", \"anticipate\" and other similar terminology are intended to identify forward-looking statements. These statements reflect current assumptions and expectations regarding future events and operating performance as of the date of this report. Forward-looking statements involve significant risks and uncertainties, should ...