TORONTO, Nov. 20, 2019 /CNW/ - Labrador Iron Ore Royalty
Corporation (the "Corporation") announced that Iron Ore Company of
Canada ("IOC") has declared a
dividend payable on December 19,
2019. The Corporation's portion is U.S. $33,975,000 or about CDN. $45.0 million.
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.
PO Box 957, STN Adelaide, Toronto,
Ontario M5C 2K3 Tel : (416) 863-7133
SOURCE Labrador Iron Ore Royalty Corporation