Labrador Gold Completes Sale of Kingsway Project

Core Points - Labrador Gold Corp. has successfully completed the sale of its 100% interest in the Kingsway Project to New Found Gold Corp. along with certain related assets [1] - As part of the transaction, Labrador Gold received 5,263,157 common shares of New Found as consideration for the sold assets [2] - The company currently has approximately $6.4 million in working capital and holds New Found shares valued at around$20 million [5] Company Overview - Labrador Gold Corp. is a Canadian mineral exploration company focused on acquiring and exploring gold projects in Eastern Canada [5] - The company has 170,009,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB [4] - The Hopedale property, part of the company's portfolio, covers much of the Florence Lake greenstone belt, which is underexplored compared to similar belts globally [6]