Home > Market Activity > Get Quotes > News > News Article

Labrador Iron Ore Royalty Corporation

Exchange: TSX Exchange | Aug 20, 2018, 11:55 PM EDT

LIF
$ 24.48 real time data Change Down
Change:
-0.10 (-0.41%)
Volume:
247,079
Real-time price
Day Low 24.28
Day High 25.12


 Back
,
Labrador Iron Ore Royalty Corporation Amends Shareholder Rights Plan
Labrador Iron Ore Royalty Corporation Amends Shareholder Rights Plan

Canada NewsWire

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

View original content: http://www.newswire.ca/en/releases/archive/May2018/02/c1329.html

William H. McNeil, President & Chief Executive Officer, Phone: (416) 863-7133, Email: investor.relations@labradorironore.comCopyright CNW Group 2018

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.