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Banking executive joins Labrador Iron Ore Royalty Corporation

Tuesday, December 19, 2017 @ 2:12 PM | By Carolyn Gruske

Investment banker and lawyer John Tuer has been named as director of Labrador Iron Ore Royalty Corporation.

Based in Toronto, Labrador Iron Ore holds an equity interest in Iron Ore Company of Canada (IOC) directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a seven per cent gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

Tuer was formerly head of mergers and acquisitions at the Bank of Nova Scotia. Prior to that, he held a similar position at Merrill Lynch & Co. Tuer was also an attorney with Torys LLP.