Labrador Iron Ore Royalty Corporation Amends Shareholder Rights Plan
Labrador Iron Ore Royalty Corporation Amends Shareholder
Rights Plan
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
%SEDAR: 00030172E
For further information:
William H. McNeil, President & Chief Executive Officer, Phone: (416) 863-7133, Email:
CO: Labrador Iron Ore Royalty Corporation
CNW 14:19e 02-MAY-18