Iron Ore Company of Canada Dividend

Iron Ore Company of Canada Dividend

TORONTO

,

Nov. 23, 2021

/CNW/ - Labrador Iron Ore Royalty Corporation (the "Corporation")

announced that Iron Ore Company of Canada ("IOC") has declared a dividend payable on

December 23, 2021. The Corporation's portion is U.S. $37,750,000 or about CDN. $47.9 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.

SOURCE

Labrador Iron Ore Royalty Corporation

View original content:

http://www.newswire.ca/en/releases/archive/November2021/23/c6694.html

%SEDAR: 00030172E

For further information:

John F. Tuer, President & Chief Executive Officer, (416) 362-0066, E-

mail- [email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 16:46e 23-NOV-21