Labrador Gold Announces Non-Brokered Private Placement of Up to $4 Million and Appointment of Raymond D. Harari as President and Director
Labrador Gold announced a non-brokered private placement for gross proceeds of $2 million to $4 million, priced at $0.05 per share for 40 million to 80 million common shares, including Canadian flow-through shares. The raise is led by Matachewan Consolidated Mines and McChip Resources, which are subscribing $2,133,790.45 of flow-through shares (42,675,809 shares), with four insiders taking another 11.7 million shares for $585,000. An investor rights agreement gives the lead investors two board nominations, participation and top-up rights capped at 19.99% ownership, and a one-year lock-up. Effective at closing, Raymond D.
Key figures
- Offering Price
- 0.05
- Shares Offered
- 40,000,000 to 80,000,000
- Lock up
- one-year contractual lock-up for lead investors; four months and one day hold period for all securities issued
- Expected close
- on or about September 28, 2026
- Insider ft shares
- 11700000
- Max gross proceeds
- 4000000
- Min gross proceeds
- 2000000
- Shares outstanding
- 170809979
- Lead investor ft shares
- 42675809
- Insider subscription usd
- 585000
- Lead investor ownership cap
- 19.99%
AI analysis
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