MESABI TRUST Announces Arbitration Final Award

https://www.businesswire.com/news/home/20240910020258/en/

Wie bereits berichtet, leitete Mesabi Trust am 14. Oktober 2022 ein Schiedsverfahren gegen Northshore Mining Company (Northshore"), den Pächter/Betreiber der gepachteten Ländereien, und dessen Muttergesellschaft Cleveland-Cliffs Inc. (Cliffs") bei der American Arbitration Association (AAA") ein. Der Trust beantragte die Zuerkennung von Schadenersatz für die von Cliffs und Northshore in den Jahren 2020, 2021 und in den ersten vier Monaten des Jahres 2022 zu wenig gezahlten Lizenzgebühren, weil Cliffs und Northshore bei der Preisgestaltung für bestimmte Pelletlieferungen in den Jahren 2020 bis zu den ersten vier Monaten des Jahres 2022 nicht den höchsten Preis aus den vorangegangenen vier Quartalen zugrunde gelegt hatten. Die Treuhandgesellschaft beantragte außerdem die Feststellung des Anspruchs der Treuhandgesellschaft auf bestimmte Unterlagen und des Zeitpunkts, zu dem die Lizenzgebühren von Cliffs und Northshore fällig werden.

Die Beweisanhörung wurde im März 2024 vor einem Gremium von drei Schiedsrichtern nach den Handelsregeln der AAA abgeschlossen. Die Schriftsätze nach der Anhörung wurden im Mai 2024 ausgetauscht. Die mündlichen Argumente nach der Anhörung und die Schlussanträge wurden im Juni 2024 abgeschlossen. Der Trust erhielt den endgültigen Schiedsspruch am 6. September 2024, in dem dem Trust einstimmig Schadensersatz in Höhe von 59.799.977 $ für zu wenig gezahlte Lizenzgebühren in den Jahren 2020, 2021 und den ersten vier Monaten des Jahres 2022 zugesprochen wurde, zuzüglich Vorschusszinsen in Höhe von 11.288.269 $, die zum Satz von 10 % einfacher Zinsen pro Jahr ab dem Datum der ersten Aufforderung bis zum 1. September 2024 berechnet wurden und bis zur Zahlung weiter anfallen. Gemäß dem Schiedsspruch müssen Cliffs und Northshore dem Trust die im Schiedsspruch genannten Beträge bis spätestens zum 6. Oktober 2024 zahlen. Das Gericht genehmigte den von den Parteien vereinbarten "Consent Award", in dem der Anspruch des Trusts auf bestimmte Unterlagen zur Überprüfung der Lizenzgebührenberechnungen anerkannt wird. Das Gericht wies den Antrag des Trusts auf Feststellung des Zeitpunkts der Fälligkeit der Lizenzgebühren von Cliffs und Northshore ab.

Übersetzt mit DeepL.com (kostenlose Version)

Altius Renewable Royalties Enters into Arrangement Agreement with Northampton

All $ references in US unless otherwise indicated

Altius Renewable Royalties

Altius Renewable Royalties Corp. (TSX:ARR) (OTCQX:ATRWF) (“ARR” or the “Company”) is pleased to announce that the Company and Royal Aggregator LP (the “Purchaser”) (an affiliate of Northampton Capital Partners, LLC (“NCPL” and together with its controlled affiliates, “Northampton”)) have entered into a definitive arrangement agreement (the “Arrangement Agreement”), whereby the Purchaser will acquire all of the issued and outstanding common shares of the Company (the “ARR Shares”), other than those ARR Shares indirectly owned by Altius Minerals Corporation (“Altius Minerals”), by way of a statutory plan of arrangement under the Business Corporations Act (Alberta) (the “Transaction”). Altius Minerals currently holds 58% of the issued and outstanding ARR Shares on an undiluted basis.

The Arrangement Agreement

Under the terms of the Arrangement Agreement, each ARR shareholder (other than Altius Minerals) (the “ARR Minority Shareholders”) will receive cash consideration of C$12.00 for each ARR Share held (the “Consideration”). The Consideration represents a 28% premium to the closing price of the ARR Shares on the Toronto Stock Exchange (the “TSX”) on September 4, 2024 (being the date before the announced unusual trading activity took place in the Company’s shares) and a 29% premium to the 20-day volume weighted average price (“VWAP”) of the ARR Shares on the TSX on September 4, 2024.

Following completion of the Transaction, the Purchaser will hold 43% of the issued and outstanding and Altius Minerals will indirectly hold 57% of the issued and outstanding ARR shares.

Freehold Royalties Declares Dividend for September 2024, by @GlobeNewswire

CALGARY, Alberta, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a…

ceo.ca

Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on October 15, 2024 to shareholders of record on September 30, 2024.

LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE THIRD QUARTER OF 2024 - $0.70 PER COMMON SHARE, by @newswire

TORONTO, Sept. 13, 2024 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF) declared today a quarterly cash…

ceo.ca

The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF) declared today a quarterly cash dividend of $0.70 per Common Share. The dividend is payable to holders of record at the close of business on September 27, 2024 and is to be paid on October 28, 2024.

SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND, by @newswire

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

ceo.ca

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on October 15, 2024 to shareholders of record on September 30, 2024.

https://www.evolveroyalties.com/_resources/presentations/corporate-presentation.pdf?v=101411

SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND, by @newswire

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

ceo.ca

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on November 15, 2024 to shareholders of record on October 31, 2024.

RE Royalties Declares 2024 Third Quarter Shareholders Dividend Payment, by @accesswire

All amounts in Canadian dollars unless otherwise stated

ceo.ca

RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) ("RE Royalties" or the "Company") is pleased to announce that the Board of Directors of the Company has declared a cash distribution of $0.01 per issued and outstanding common share for the Third quarter ending September 30, 2024.

The distribution is payable on November 20, 2024, to shareholders of record on October 30, 2024.

Freehold Royalties Declares Dividend for October 2024, by @GlobeNewswire

CALGARY, Alberta, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a…

ceo.ca

CALGARY, Alberta, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on November 15, 2024 to shareholders of record on October 31, 2024.

Mesabi Trust Press Release

https://www.businesswire.com/news/home/20241017799427/en/

https://www.deterraroyalties.com/wp-content/uploads/2024/10/2795226.pdf