Institutional Investor
1 online Today This week by @nasdaq on 30 Jun 2020, 18:01 Stichting Depositary Plethora Precious Metals Fund Reports Equity Interest in Labrador Gold Corp. (TSXV: LAB) AMERSFOORT, Netherlands, June 30, 2020 (GLOBE NEWSWIRE) -- Stichting Depositary Plethora Precious Metals Fund (Plethora) announces that on June 26, 2020 it acquired 1,100,000 Units (hereinafter defined) of Labrador Gold Corp. (the Company) at $0.175 per Unit pursuant to a private placement for gross proceeds of $192,500 (the Acquisition). Each Unit acquired consists of one common share in the Company (a Share) and one common share purchase warrant in the Company (a Warrant). Each Warrant entitles the holder thereof to acquire one Share for $0.30 until June 25, 2022. Prior to this Acquisition, Plethora owned or controlled 8,579,000 Shares and 1,500,000 common share purchase warrants representing 16.12% of the Companys issued and outstanding Shares on a partially diluted basis. On an undiluted basis, Plethoras ownership before the Acquisition represented 14.05% of the Companys issued and outstanding Shares. Following the Acquisition, Plethora now owns or controls an aggregate 9,679,000 Shares, and 2,600,000 common share purchase warrants, representing 13.92% of the issued and outstanding Shares on a partially diluted basis. On an undiluted basis, Plethoras ownership after the Acquisition represents 11.31% of the Companys issued and outstanding Shares. In satisfaction of the requirements of National Instrument 62-104 Take-Over Bids and Issuer Bids and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an early warning report respecting the acquisition of securities by Plethora will be filed under the Companys SEDAR Profile at www.sedar.com. Plethora acquired the Units for investment purposes only, and depending on market and other conditions, Plethora may from time to time in the future increase or decrease their ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise. Plethora is incorporated under the laws of the Netherlands and its head office is located at Prins Hendriklaan 26, 1075HD, Amsterdam, Netherlands. The principal business of Plethora is a Management Fund. For information, please contact: Douwe van Hees- Fund Manager Prins Hendriklaan 26 1075HD, Amsterdam Netherlands Phone: +3 16 14 51 46 92 No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.