/CNW/ - Labrador Iron Mines Holdings Limited (TSX:LIM) (the "Company" or "LIM") is pleased to announce that it has amended the terms of the previously announced bought deal with a syndicate of underwriters led by Canaccord Financial Ltd. and including Jennings Capital Inc. and Haywood Securities Inc. (collectively, the "Underwriters"), to increase the size of the offering by an additional 1,766,000 common shares from the treasury of the Company (the "Treasury Common Shares") subject to receipt by the Company of all necessary regulatory approvals. Under the amended terms of the offering the Underwriters have agreed to purchase an aggregate of 5,406,000 Treasury Common Shares for proceeds of C$30,003,300 and total proceeds of C$35,057,300, including C$5,054,000 in proceeds pursuant to the sale of flow-through shares (the "Underwritten Offering").