Labrador Mining Company Limited completes an extended and amended $50,000,000 credit facility with The Bank of Nova Scotia

Date Closed: 10/8//2008

Value: $50 million

On 8 October 2008, Labrador Mining Company Limited completed an extended and amended $50,000,000 credit facility with The Bank of Nova Scotia. The facility is available for Labrador Mining's general corporate purposes. Labrador Mining is a wholly-owned subsidiary of Labrador Iron Ore Royalty Income Fund. The Fund receives a 7% royalty on all iron ore products sold by Iron Ore Company of Canada and also owns 15.1% of the equity of IOC. The Bank of Nova Scotia was represented by James Mathers, Angela Lin and Tiffany Murray of BLG.