Early Warning Disclosure by Matachewan Consolidated Mines, Limited and McChip Resources Inc.
McChip Resources and joint-actor Matachewan Consolidated Mines acquired 14,526,500 Labrador Gold shares in the second tranche of a non-brokered private placement, taking their combined stake to roughly 19.99% on a non-diluted basis. Each acquiror bought 7,263,250 shares at $0.05 per share for $363,162.50, in a tranche that raised $3,626,325 in gross proceeds for Labrador Gold. In connection with the placement, Raymond D.
Key figures
- Mcs consideration
- $363,162.50
- Mcs shares acquired
- 7263250
- Combined shares held
- 57202309
- Mcs post closing stake
- 9.995%
- Combined acquiror stake
- 19.99%
- Placement price per share
- $0.05
- Second tranche gross proceeds
- $3,626,325
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