Coloured Ties Capital Requisitions a Shareholder Meeting of Labrador Gold Corp. to Bring the Company into Compliance with Corporate Legislation and Address Necessary Leadership Changes

Core Viewpoint - Coloured Ties Capital Inc. and a group of shareholders have requisitioned a special meeting for Labrador Gold Corp. to address corporate compliance issues and leadership changes [1][2][3] Corporate Compliance Issues - Labrador Gold Corp. has failed to hold its annual meeting within the statutory deadline, with the last meeting occurring on June 27, 2024, and the next one required by September 27, 2025 [2] - The company announced a meeting for December 2, 2025, which is beyond the legal deadline, indicating a breach of corporate obligations [2][3] - There has been a lack of communication regarding the meeting, including failure to set a record date or deliver necessary materials to shareholders [3] Leadership Changes - The requisitioned meeting aims to remove current directors James Borland, Trevor Boyd, and Roger Moss, and elect four new directors: Kulwant Malhi, Ronald Wortel, Jean Lafleur, and Tara Asfour [5] - The Concerned Shareholders plan to present a comprehensive strategy for advancing Labrador's economic objectives once the meeting is scheduled [6] Nominee Profiles - Kulwant Malhi has extensive experience in venture capital and has raised over $150 million, focusing on resource development and innovation [7] - Ronald Wortel has over 30 years in the resource industry, specializing in project analysis and financing, with a history of deploying over $1 billion into the sector [8] - Jean Lafleur is a Professional Geologist with 45 years of experience in mineral exploration, having held executive roles in various junior exploration companies [9][10] - Tara Asfour has over 12 years of experience in capital markets, specializing in investor relations and fundraising, with a track record of leading over $550 million in fundraising initiatives [11] Commitment to Governance - The board nominees emphasize a commitment to improving Labrador's transparency, governance, and operational excellence, aiming for long-term success through effective capital allocation and leadership renewal [13]