CEO buying at Labrador Iron Ore Royalty (LIF)

CEO buying at Labrador Iron Ore Royalty (T:LIF)

John Tuer, CEO and Director, acquired 6,200 Common Shares on a direct ownership basis at prices ranging from $22.720 to $25.750 between September 26th, 2019 and October 1st, 2019. This represents a $150,560 investment into the company's shares and an account share holdings change of 62.0%.

Labrador Iron Ore Royalty is in the Steel Sub Industry Group under the Basic Materials Sector.

Labrador Iron Ore Royalty Corporation (LIORC) is a Canada-based company, which owns interests in Iron Ore Company of Canada (IOC) that operates an iron mine near Labrador City, Newfoundland and Labrador on lands leased from LIORC. The Company, through its subsidiary, Hollinger-Hanna Limited (Hollinger-Hanna), holds approximately 15.10% equity interest in IOC. The Company operates through the segment of its investment in IOC and its IOC royalty and commission interests. LIORC holds certain mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City. IOC has leased certain portions of these lands from which it mines iron ore. IOC is an iron ore producer, operating a mine, concentrator and pellet plant, and is a producer of iron ore pellets across the world. IOC has the capacity to extract approximately 50 million tons of crude ore annually. Labrador Iron Ore Royalty Corporation (LIF) has below median officer and director direct ownership compared to its mid-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $150,560.