Labrador Iron Ore de­clares Q3, spe­cial div­i­dends

Stockwatch Daily - - MINES & METALS - Mr. Wil­liam McNeil re­ports

THE DIREC­TORS of Labrador Iron Ore Roy­alty Corp. has de­clared a reg­u­lar quar­terly cash div­i­dend of 25 cents per com­mon share. The direc­tors also de­clared a spe­cial div­i­dend of 75 cents per com­mon share for to­tal div­i­dends of $1 per com­mon share. All amounts are payable to hold­ers of record at the close of business on Sept. 30, 2017, and to be paid on Oct. 25, 2017.

The direc­tors of Labrador Iron Ore wish to ad­vise share­hold­ers in re­gard to fu­ture div­i­dends that:

• The main fac­tors that af­fect Labrador Iron Ore div­i­dends are their on ore price, Iron Ore Com­pany of Canada pro­duc­tion and the Cana­dian dol­lar ex­change rate with the U.S. dol­lar.

• The in­tent of Labrador Iron Ore is to main­tain the reg­u­lar quar­terly cash div­i­dend at 25 cents per share.

• Spe­cial div­i­dends will be paid at the dis­cre­tion of the direc­tors, main­tain­ing rea­son­able cash bal­ances.

• The spe­cial div­i­dends are ex­pected to be largely de­pen­dent on div­i­dends from IOC to the IOC share­hold­ers. Since IOC is a pri­vate com­pany, the direc­tors of Labrador Iron Ore rec­og­nize that there is lim­ited pub­lic in­for­ma­tion avail­able for Labrador Iron Ore share­hold­ers to as­sess fu­ture IOC div­i­dends.

How­ever, IOC is man­aged con­ser­va­tively, and IOC in­tends to con­tinue to be self-fi­nanc­ing in all mar­kets.

Wil­liam John Cor­co­ran, Mark James Fuller, Dun­can New­ton Row­ell Jack­man, James Cooper McCart­ney, Wil­liam H McNeil, San­dra L Rosch, Pa­tri­cia M Volker

(LIF) Shares: 64,000,000

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