| Notice from the Office of the Secretary |
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| Ontario Securities Commission 20 Queen St. W. Box 55, Suite 1900 Toronto, ON M5H 3S8 |
Commission des valeurs mobilières de l'Ontario |
FOR IMMEDIATE RELEASE January 5, 2011 |
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
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IN THE MATTER OF
BAFFINLAND IRON MINES CORPORATION, IRON ORE HOLDINGS, LP
AND NUNAVUT IRON ORE ACQUISITION INC.
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IN THE MATTER OF AN APPLICATION BY
STAFF OF THE ONTARIO SECURITIES COMMISSION
(Section 127)
TORONTO – Take notice that the Commission will hold a hearing on January 6, 2011 at 10:00 a.m. to consider the application by Staff of the Ontario Securities Commission to cease trade any shares tendered to the take-over bid by Nunavat Iron Ore Acquisition Inc. for the common shares of Baffinland Iron Mines Corporation, which take-over bid currently expires at 11:59 pm (Toronto time) on January 10, 2011.
The hearing will be held in the Large Hearing Room, 17th Floor, 20 Queen Street West, Toronto.
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY
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| For media inquiries: | Wendy Dey Director, Communications & Public Affairs 416-593-8120 Dylan Rae Media Relations Specialist 416-595-8934 Theresa Ebden Senior Communications Specialist 416-593-8307 |
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| For Investor Inquiries: | OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free) |