Corporate News – Labrador Gold Corp.
Market Performance
| Item | Value |
|---|---|
| Current Price | CAD 0.05 |
| 24‑hour Change | –10 % (ending 11:37 PM CET, Thu 22 Feb) |
| Market Capitalisation | CAD 8.5 million |
| Shares Outstanding | 170.8 million |
| Volume (last 24 h) | CAD 32.3 k |
| Price (Last 30 days) | –25 % |
| 200‑day SMA | CAD 0.08 |
| 52‑week High | CAD 0.14 (12 Mar 2025) |
| 52‑week Low | CAD 0.04 (21 Oct 2026) |
Recent Corporate Action
Labrador Gold Corp. has extended a non‑brokered private placement that may last up to thirty days. Key details:
- Issue size and pricing: Both non‑flow‑through and flow‑through shares are priced at $0.05.
- First tranche: Closed on 19 Oct; Matachewan Consolidated Mines and McChip Resources purchased approximately 20 % of the issue.
- Second tranche: Investors in the first tranche retain the right to subscribe for additional shares, potentially preserving a similar ownership percentage.
- Use of proceeds:
- Flow‑through shares: Eligible Canadian exploration expenses.
- Non‑flow‑through shares: Exploration, development, working capital, and other corporate purposes.
- Regulatory status: The placement remains subject to regulatory approval.
- Completion: Expected by early November, contingent on the sale of remaining shares.
Peer Performance (Last 24 h)
| Ticker | Price | Change | Market Cap |
|---|---|---|---|
| RTH.V | CAD 0.04 | 0 % | CAD 10.2 m |
| DWS.V | CAD 0.15 | 0 % | CAD 10.2 m |
| CPAU.V | CAD 0.09 | –5.56 % | CAD 10.2 m |
| 5XL0.F | CAD 0.33 | –3.23 % | CAD 10.2 m |
| BCU.V | CAD 0.07 | 0 % | CAD 10.1 m |
Company Overview
Labrador Gold Corp. is a Canadian mineral exploration and development company headquartered in Toronto. The company focuses on the exploration and exploitation of metal and mining resources, holding interests in mineral properties in British Columbia and the Northwest Territories. Labrador Gold is listed on the TSX Venture Exchange. More information is available on the company’s website: www.labradorgold.com .
