Labrador Iron Ore Royalty Corporation - Announcement of New Directors
Labrador Iron Ore Royalty Corporation -
Announcement of New Directors
TORONTO
,
Jan. 7, 2020
/CNW/ - Labrador Iron Ore Royalty Corporation is pleased to announce
the appointment of
Douglas McCutcheon
and
Dorothea Mell
as Directors of the Corporation. The
opportunity to add Doug and Dorothea to the Board was created by increasing the number of
Directors from six to eight.
Doug has extensive experience working in the finance industry globally, as both an investor and
advisor. He is the President of a successful investment management firm, based in Toronto.
Previously, he spent 25 years working as an investment banker, advising companies and boards
around the world on raising capital and mergers and acquisitions. Dorothea has more than 25 years
of experience in the investment industry. Most recently she was a Managing Director and Portfolio
Manager at one of
Canada's
pre-eminent private wealth management firms, where she was
responsible for high yield investments. Before that she was a partner at a specialist fixed income
asset manager, where she held various senior management roles. Dorothea has considerable
experience in negotiating and interacting with various stakeholders, including management, boards,
employees, shareholders, debtholders and suppliers. Doug and Dorothea bring complementary
knowledge and experience to our Board of Directors.
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/January2020/07/c9920.html
%SEDAR: 00030172E
For further information:
John F. Tuer, President & Chief Executive Officer, (416) 863-7133, E-
mail- [email protected], PO Box 957, STN Adelaide, Toronto, Ontario M5C
2K3 Tel : (416) 863-7133
CO: Labrador Iron Ore Royalty Corporation
CNW 16:51e 07-JAN-20