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Labrador Gold Advises Shareholders of Deficiencies in Dissident’s Gold Proxy
Globenewswire· 2026-02-05 18:21
Material Deficiencies in the Dissident’s Gold Proxy Have Been Identified by LabGoldThe Dissident’s Failure to Adhere to its Own Requisition May Affect the Validity of Their Gold ProxyShareholders are Urged to Vote ONLY on the BLUE Proxy or BLUE VIF to Ensure Votes Are Counted, and to Disregard any Gold or Other Proxy That They Receive From the Dissident Questions? Need Help Voting BLUE? Contact Kingsdale Advisors at 1-888-518-6813 (toll-free in North America), email contactus@kingsdaleadvisors.com, or visit ...
Labrador Gold acquires subscription receipts of Northern Shield
Yahoo Finance· 2026-01-01 12:15
Group 1 - Labrador Gold (NKOSF) has acquired 16,666,667 Subscription Receipts of Northern Shield Resources for an investment of $1,000,000.02 at a price of $0.06 per Subscription Receipt [1] - The investment is conditional upon receiving LabGold shareholder and regulatory approval for a proposed change of business from a pure exploration company to an exploration and investment issuer [1] - Each Subscription Receipt will convert into one Unit of Northern Shield, which consists of one common share and one common share purchase warrant [1] Group 2 - The warrant allows the holder to purchase one additional common share at a price of $0.10 for a period of 36 months from the Escrow Release Date [1] - LabGold will have pre-emptive rights to participate in future financings of Northern Shield as long as it retains a 10% equity interest [1] - The Units will be subject to a voluntary lockup agreement prohibiting trading for four months from the Escrow Release Date [1] Group 3 - If LabGold shareholders do not approve the Change of Business, the Initial Investment Funds will be returned to LabGold, minus $20,000 for Northern Shield's reasonable expenses related to the financing [1]
Labrador Gold Announces Acquisition of Subscription Receipts of Northern Shield
Globenewswire· 2025-12-31 12:00
Core Viewpoint - Labrador Gold Corp. has acquired 16,666,667 Subscription Receipts of Northern Shield Resources Inc. for an investment of $1,000,000.02, pending shareholder and regulatory approval for a change of business model to include equity investments in other resource companies [1][2]. Investment Details - The Subscription Receipts were purchased at a price of $0.06 each, and upon meeting the Escrow Release Conditions, they will convert into Units consisting of one common share and one warrant [1][4]. - Each warrant allows the purchase of an additional common share at a price of $0.10 for 36 months from the Escrow Release Date [1]. Rights and Conditions - As long as Labrador Gold retains a 10% equity interest in Northern Shield, it will have pre-emptive rights for future financings and the right to appoint a technical advisor for exploration activities [2]. - The Units acquired will be subject to a four-month voluntary lockup agreement post-Escrow Release Date [2]. Ownership Structure - Following the financing, Labrador Gold will beneficially own approximately 10.965% of Northern Shield's issued capital on a non-diluted basis and 19.76% on a partially diluted basis, assuming all warrants are exercised [4]. Future Intentions - The company has stated that the Subscription Receipts were acquired for investment purposes, with no current intention to increase or decrease its holdings in Northern Shield, although it may adjust its ownership through various means [5]. Company Background - Labrador Gold is focused on mineral exploration, particularly in acquiring and exploring gold projects in Eastern Canada [9].
Centaurus Energy Announces Revocation of Cease Trade Order and Reinstatement to Trading
Newsfile· 2025-10-09 17:07
Core Points - Centaurus Energy Inc. has had its cease trade order revoked by the Alberta Securities Commission, allowing for the reinstatement of its shares for trading [1][3] - The cease trade order was initially issued due to delays in filing audited annual financial statements for the year ended December 31, 2024 [1][2] - The company has completed its annual filings and has also published financial results for the first and second quarters of 2025 [2] Business Change Update - Centaurus Energy has received conditional acceptance from the TSX Venture Exchange for its proposed change of business from a Tier 2 Oil & Gas Issuer to a Tier 2 Investment Issuer [4][5] - Shareholders approved the change of business and the name change to "Layer One Inc." during a meeting held on February 26, 2025 [5] - The company is working to meet the conditions required for the acceptance of the change, including securing a minimum financing of USD 5 million [6] Financial Position - As of June 30, 2025, the company reported a working capital deficiency of approximately USD 4.9 million [6] - The proceeds from the anticipated financing will be used to address this deficiency and to invest in digital assets [6][7] - Centaurus Energy is focused on investing in digital commodities such as Ether and Solana [7]