Labrador Gold Corp V.LAB

New Found Gold and Sprott Buy 14 Million Shares

[geezer21]

New Found Gold and Eric Sprott purchased 14 million shares of Labrador. This is good for Labrador shareholders on the road to consolidation.


TORONTO, April 19, 2021 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that it has closed a non-brokered private placement of 14 million flow through units (the “FT units”) at a price of $0.70 per FT unit (the “Flow-Through Offering”) for gross proceeds to LabGold of $9.8 million. New Found Gold Corp. (as to 7 million FT units) and Mr. Eric Sprott (as to 7 million FT units) purchased the FT units through a donation arrangement. Each FT Unit consists of one flow through common share and one half a non-flow through share purchase warrant, with each full warrant exercisable to acquire a Common Share at $0.75 until April 16, 2023.

[amxjavelin]

Great News  here geting more cashed up. next big play on the Rock message me folks Its sitting at .04 cents and  just began drilling have a great weekend everyone, long and strong on LAB

[goldman88]

This post has been removed in accordance with Community Policy

[Benson55]

No its dated April 2021. Just an attempt to pump the price.

[geezer21]

It is posted to make note that Sprott has invested in Sokoman, Labrador, and Newfound Gold, something that was getting missed on the boards and smoething new visitors to the board are not aware of. These companies are ripe for consolidation because their ore bodies are close together and the mineralization is the same. Because the mineralizations are the same one mill configuration can handle ore