Altius Provides Update to Concerned Shareholder Discussions with Labrador Iron Ore Royalty Corporation
Date: 26-Feb-2019
ALT] U S Ticker Symbol: ALS.TSX
Altius Provides Update to Concerned Shareholder Discussions with Labrador Iron Ore Royalty
Corporation
St. John’s - Altius Minerals Corporation (“Altius”) (ALS:TSX, ATUSF: OTCQxX) reports that during a constructive meeting
held with representatives of Labrador Iron Ore Royalty Corporation (“LIORC”) on February 22, 2019, it received positive
assurances that LIORC no longer intends to pursue changes to its current Articles or its passive flow-through mandate
and that it will maintain adherence to its policy of paying dividends to the maximum extent possible.
LIORC also advised that the topic of segregating its respective Iron Ore Company of Canada (“IOC”) related royalty and
equity interests is set to be generally discussed at its next board meeting where, if it is determined by the Board to be in
the best interests of LIORC and its shareholders, the Board will not hesitate to bring it forward. Altius was also invited to
provide LIORC with materials derived from its own internal analysis and consideration of the matter, to which it has
agreed.
Brian Dalton, CEO of Altius, commented that, “We became major shareholders of LIORC on the underlying basis of its
passive flow-through mandate related primarily to its royalty interest in the operations of IOC. We are pleased now to
have received the increased certainty levels we were seeking in order to maintain our indirect interest in this world class
asset. We also look forward to continued positive and constructive future shareholder engagement with LIORC.”
About Altius
Altius directly and indirectly holds diversified royalties and streams which generate revenue from 15 operating mines. These
producing royalties are located in Canada and Brazil and provide exposure to copper, zinc, nickel, cobalt, iron ore, potash,
thermal (electrical) and metallurgical coal. The portfolio also includes development stage royalties in copper and renewable
energy and numerous predevelopment stage royalties covering a wide spectrum of mineral commodities and jurisdictions.
Altius also holds a large portfolio of exploration stage projects which it has generated for deal making with industry partners
that results in newly created royalties and equity and minority interests. Altius has 42,861,796 common shares issued and
outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and
S&P/TSX Global Mining Indices.
For further information, please contact
Flora Wood ([email protected]) at 1.877.576.2209
Civic Address: +4. i i Mailing Address:
Altius Minerals Corporation Website: www.altiusminerals.com Altius Minerals Corporation
Suite 202, 66 Kenmount Road nee OG ahi P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3V7, CANADA _ Fax: 709.576.3 St. John’s, NL, A1B 3N4, CANADA
e-mail: [email protected]