TORONTO, May 2, 2018
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.
SOURCE Labrador Iron Ore Royalty Corporation
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