Labrador Iron Ore Royalty Corporation Amends Shareholder Rights Plan
May 02 2018 - 2:19PM
PR Newswire (Canada)
TORONTO, May 2, 2018 /CNW/ - Labrador Iron Ore Royalty
Corporation ("LIORC") reported today that its shareholder
rights plan agreement dated April 18,
2018 (the "Rights Plan") has been amended to (i)
provide a grandfathering provision to prevent inadvertent
triggering of the Rights Plan upon adoption, (ii) to define
"controlled" in terms of voting securities, and (iii) to provide
more detailed definitions of Permitted Bid and Competing Permitted
Bid.
The amendments were made to implement suggestions by ISS Canada
Research.
LIORC will seek shareholder approval and ratification of the
Rights Plan, as amended, at its upcoming annual and special meeting
of shareholders to be held on May 16,
2018.
An amended and restated Rights Plan has been filed on SEDAR at
www.sedar.com and posted on LIORC's website at
www.labradorironore.com.
SOURCE Labrador Iron Ore Royalty Corporation
Copyright 2018 Canada NewsWire
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