LIM Completes $29 Million Equity Financing

Over-allotment option exercised in full 
TORONTO, Feb. 13, 2013 /CNW/ - Labrador Iron Mines Holdings Limited ("LIM" or 
the "Company") (TSX:LIM) announces that it has completed its previously 
announced public offering (the "Offering"), including the full amount of the 
over-allotment option, for aggregate gross proceeds of C$28,980,000. 
A total of 27,600,000 units of the Company (the "Units"), including those 
issued pursuant to the exercise of the over-allotment option, were issued and 
sold at a price of C$1.05 per Unit (the "Offering Price"). Each Unit 
consists of one common share of the Company and one-half of one common share 
purchase warrant. Each warrant will entitle the holder to purchase one 
common share of the Company at an exercise price of C$1.35 per common share 
for a period of 36 months following the date of closing of the Offering. The 
warrants have been listed on the Toronto Stock Exchange and will trade under 
the symbol LIM.WT. 
The Offering was completed by a syndicate of underwriters led by Canaccord 
Genuity Corp. and included RBC Dominion Securities Inc., Scotia Capital Inc., 
Macquarie Capital Markets Canada Ltd., Jennings Capital Inc. and Raymond James 
Ltd. (collectively, the "Underwriters"). 
The Company intends to use the net proceeds from the Offering to fund 
pre-stripping, mining, and processing costs, including payments to LIM's 
mining contractors, and transportation costs in connection with the seasonal 
resumption of production operations in April 2013; and to supplement working 
capital and general and administrative costs for the remaining winter season. 
The Company issued 27,600,000 common shares pursuant to the Offering and now 
has 126,200,807 common shares outstanding after giving effect to the Offering. 
The Offering was made pursuant to a short form prospectus filed in each of the 
provinces of Canada other than Quebec. 
This press release does not constitute an offer of securities for sale in the 
United States. The securities being offered have not been, nor will be, 
registered under the United States Securities Act of 1933, as amended, and may 
not be offered or sold within the United States absent U.S. registration or an 
applicable exemption from U.S. registration requirements. 
About Labrador Iron Mines Holdings Limited (LIM) 
Labrador Iron Mines (LIM) is Canada's newest iron ore producer with a 
portfolio of direct shipping (DSO) iron ore operations and projects located in 
the prolific Labrador Trough. Initial production commenced at the James Mine 
in June 2011, with the sale of 386,000 dry tonnes of iron ore recorded in the 
first start-up year. The first full production season commenced in April 2012 
and LIM sold ten shipments totalling approximately 1.6 million dry tonnes of 
iron ore. The tenth shipment was sold at the end of November and contained 
103,000 dry tonnes of iron ore. 
The James Mine is connected by a direct rail link to the Port of Sept-Îles, 
Québec. The project also benefits from established infrastructure including 
the town, airport hydro power and railway service. Starting with the James 
Mine and leading to the development of the expanding Houston flagship project, 
our objective is to provide shareholders with long-term value with a plan to 
increase production towards 5 million tonnes per year from a portfolio of 20 
iron ore deposits in Labrador and Quebec, all within 50 kilometres of the town 
of Schefferville. 
LIM is currently the only independently-owned Canadian iron ore producer 
listed on the Toronto Stock Exchange and trades under the symbol LIM. 
Cautionary Statements: 
Some of the statements contained in this Press Release may be forward-looking 
statements which involve known and unknown risks and uncertainties relating 
to, but not limited to, the Company's expectations, intentions, plans and 
beliefs. Forward-looking information can often be identified by 
forward-looking words such as "anticipate", "believe", "expect", "goal", 
"plan", "intend", "estimate", "may" and "will" or similar words suggesting 
future outcomes, or other expectations, beliefs, plans, objectives, 
assumptions, intentions or statements about future events or performance. 
Forward-looking information may include reserve and resource estimates, 
estimates of future production, unit costs, costs of capital projects and 
timing of commencement of operations, and is based on current expectations 
that involve a number of business risks and uncertainties. Factors that could 
cause actual results to differ materially from any forward-looking statement 
include, but are not limited to, failure to establish estimated resources and 
reserves, the grade and recovery of ore which is mined varying from estimates, 
capital and operating costs varying significantly from estimates, delays in 
obtaining or failures to obtain required governmental, environmental or other 
project approvals, delays in the development of projects, changes in exchange 
rates, fluctuations in commodity prices, inflation and other factors. 
Forward-looking statements are subject to risks, uncertainties and other 
factors that could cause actual results to differ materially from expected 
results. There can be no assurance that the Company will be successful in 
maintaining any agreement with any First Nations groups who may assert 
aboriginal rights or may have a claim which affects the Company's properties 
or may be impacted by the Schefferville Projects. Shareholders and 
prospective investors should be aware that these statements are subject to 
known and unknown risks, uncertainties and other factors that could cause 
actual results to differ materially from those suggested by the 
forward-looking statements. Shareholders and prospective investors are 
cautioned not to place undue reliance on forward-looking information. By its 
nature, forward-looking information involves numerous assumptions, inherent 
risks and uncertainties, both general and specific, that contribute to the 
possibility that the predictions, forecasts, projections and various future 
events will not occur. The Company undertakes no obligation to update publicly 
or otherwise revise any forward-looking information whether as a result of new 
information, future events or other such factors which affect this 
information, except as required by law. 
For further information, please visit LIM's website or contact: 
John F. Kearney Chairman and Chief Executive Officer Tel: (647) 728-4105 
 Rodney Cooper President and Chief Operating Officer Tel: (647) 729-1287 
 Keren Yun Vice President, Investor Relations and Communications Tel: (647) 
SOURCE: Labrador Iron Mines Holdings Limited 
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CO: Labrador Iron Mines Holdings Limited
ST: Ontario
-0- Feb/13/2013 13:59 GMT
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