Mr. John Tuer reports
IRON ORE COMPANY OF CANADA DIVIDEND
Iron Ore Company of Canada (IOC) has declared a dividend payable on Dec. 17, 2020. Labrador Iron Ore Royalty Corp.'s portion is $67.95-million (U.S.) or about $88.3-million (Canadian).
About Labrador Iron Ore Royalty Corp.
The corporation holds a 15.10-per-cent equity interest in IOC directly and through its wholly owned subsidiary, Hollinger-Hanna Ltd., and receives a 7-per-cent gross overriding royalty and a 10-cent per-tonne commission on all iron ore products produced, sold and shipped by IOC.
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