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Labrador Iron Ore – Subdivision of Stapled Units and Cash Distribution
Mar. 04, 2011 08:24AM PST
Base Metals Investing Labrador Iron Ore Royalty Corporation announced that holders of stapled units will be requested to approve a subdivision of those units at the company’s upcoming annual meeting.
Labrador Iron Ore Royalty Corporation (PINK:LBRYF) announced that holders of stapled units will be requested to approve a subdivision of those units at the company’s upcoming annual meeting.
The press release is quoted as saying:
After the subdivision, there will be 64 million stapled units outstanding and each stapled unit will consist of (a) one subordinated note receipt representing a $3.875 face amount of 12.08% subordinated notes and (b) one common share.
To read the full press release, click here.
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