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