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Labrador Iron Mines Holdings Limited

11:46 AM EST - Labrador Iron Mines Holdings Limited : reported that it has entered into a new iron ore sales agreement with the Iron Ore Company of Canada for the sale of all of LIM's iron ore production for the next two calendar years 2013 and 2014. At the same time, LIM announced that it has entered into an off-take financing agreement with RB Metalloyd Limited, a leading international commodity trading house, under which LIM will receive an advance payment of $35 million U.S. to be credited against future sales of a minimum of 3.5 million tonnes of iron ore during 2013 and 2014. Labrador Iron Mines Holdings Limited
shares T.LIM are trading up $0.10 at $0.68.