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Labrador Gold Announces Annual General and Special Meeting of Shareholders in Connection With A Proposed Change of Business
Globenewswire· 2025-12-08 18:51
Core Viewpoint - Labrador Gold Corp. is transitioning its business model to a hybrid mining/investment issuer to enhance exploration strategies and provide investors with access to undervalued public equities and early-stage opportunities [1][3][4] Business Transition - The company plans to shift from a pure exploration focus to include equity investments in other resource companies, maintaining its exploration activities while seeking to control or manage investee companies [7][9] - The initial investment will involve purchasing $1 million in units of Northern Shield Resources Inc. as part of a subscription receipts financing [7][19] Strategic Rationale - The change is aimed at addressing inefficiencies in capital markets and appealing to investors looking for unique mining investments not currently available in public markets [3][4] - The company intends to leverage its technical and capital markets expertise to guide investee companies towards value creation [3][10] Key Personnel - Dr. Quinton Hennigh, a renowned geologist with 39 years of experience, will join as an investment advisor to assist in sourcing high-quality investment opportunities [5][6] - Kevin Ramsay, CPA, CA, will join the Board of Directors, enhancing the company's governance and financial oversight [1][7] Investment Strategy - The company aims to provide shareholders with access to unique investment opportunities, combining early-stage access with public market investments [11][18] - Initial capital deployment will be $4 million into at least two resource company investments, with plans to raise additional capital to scale the investment model [15][18] Properties Overview - The Hopedale Property will serve as the qualifying property for the change of business, covering 790 mining claims with significant exploration potential for gold and critical metals [27][28] - The Root and Cellar Property, owned by Northern Shield, shows promise for gold and porphyry copper systems, with initial drilling indicating high-grade mineralization [21][22][23] Future Plans - The company will hold an Annual General and Special Meeting on February 24, 2026, to seek shareholder approval for the change of business [1][34] - Following approval, the company will commence trading as a hybrid resource/investment issuer, with a focus on creating long-term shareholder value through strategic investments [34][42]