Early Warning Disclosure by Matachewan Consolidated Mines, Limited and McChip Resources Inc.
McChip Resources, alongside joint actor Matachewan Consolidated Mines, acquired 42,675,809 shares of Labrador Gold Corp. for aggregate gross proceeds of about $2.13 million at $0.05 per share in the first tranche of a non-brokered private placement. McChip acquired 21,337,904 shares for $1,066,895.20, giving each acquiror approximately 9.995% of Labrador Gold on a non-diluted basis and the pair a combined ~19.99% stake. The acquirors describe the position as a strategic investment, secured a board seat for Raymond D.
Key figures
- Offering Price
- 0.05
- Shares Offered
- 42675809
- Tranche
- First Tranche of non-brokered private placement
- Ownership pct each
- approximately 9.995%
- Mcs shares acquired
- 21337904
- Ownership pct combined
- approximately 19.99%
- Matachewan shares acquired
- 21337905
AI analysis
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