Labrador Iron Ore Royalty Corporation Responds to Rio Tinto's Process to Sell its Interest in Iron Ore Company of Canada

Labrador Iron Ore Royalty Corporation Responds to Rio Tinto's Process to Sell 
its Interest in Iron Ore Company of Canada 
TORONTO, April 5, 2013 /CNW/ - Labrador Iron Ore Royalty Corporation ("LIORC") 
(TSX: LIF) announced today that, in response to media reports that Rio Tinto 
has commenced a process to sell its interest in Iron Ore Company of Canada 
("IOC") and inquiries from LIORC shareholders regarding LIORC's response to 
this process, it retained last month Scotiabank, as its financial advisor, and 
Davies Ward Phillips & Vineberg LLP and other legal advisors, to assist the 
LIORC Board in considering the implications on LIORC of any sale by Rio Tinto 
of its interest in IOC and the strategic alternatives available to LIORC in 
the circumstances. 
As part of this process, the LIORC Board has been considering how to ensure 
that LIORC's interests are protected in the context of any possible sale of 
Rio Tinto's interest in IOC, and intends to consider all strategic 
alternatives available to LIORC, including a potential sale of the company or 
all or part of its assets, the separation of LIORC's 7% royalty interest in 
IOC ("the Royalty Interest") from its other assets, and the maintenance of the 
status quo. 
The Board has made no determinations yet as to the steps (if any) to be taken 
by LIORC, and any determinations made by the Board will need to take into 
account, and will be significantly impacted by, any sale by Rio Tinto of its 
interest in IOC. LIORC will provide updates on these matters as it deems 
appropriate. Shareholders are advised that there can be no assurance that 
any transaction involving LIORC will occur as a result of Rio Tinto's 
potential sale of its interest in IOC or the Board's strategic review of 
alternatives. 
LIORC also noted the request from Waratah Advisors included in a press release 
issued earlier today that a non-binding shareholder proposal be included in 
the agenda for the upcoming annual general meeting of LIORC proposing that the 
LIORC Board take steps, including engaging legal and financial advisors, to 
initiate a process to explore the separation of LIORC's 15.1% equity stake in 
IOC from the Royalty Interest. Given that LIORC has already engaged legal 
and financial advisors to assist it in exploring strategic alternatives, 
including the possible separation of the Royalty Interest, LIORC has taken the 
steps contemplated by the Waratah proposal. 
Bruce C. Bone President & Chief Executive Officer (416) 863-7133 
E-mail-investor.relations@labradorironore.com 
SOURCE: Labrador Iron Ore Royalty Corporation 
To view this news release in HTML formatting, please use the following URL: 
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CO: Labrador Iron Ore Royalty Corporation
ST: Ontario
NI: FIN  
-0- Apr/05/2013 20:27 GMT
 
 
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