ist nun mit 9,8 Mio. Dollar an Labrador beteiligt:
Labrador Gold Closes $9.8 Million Flow-Through Financing Backed by Eric Sprott and New Found Gold to Accelerate Exploration at Kingsway
Mr. Roger Moss reports:
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.
“I am pleased to welcome New Found Gold and Mr. Sprott as shareholders of LabGold. Their participation in this financing is a vote of confidence in the Company and in the potential of our Kingsway Project,” said Roger Moss, President and CEO of the Company. “As we ramp up our spring/summer program we are well capitalized to expand our aggressive exploration targeting Big Vein and the quartz vein corridor to make the next discovery in the Gander gold district.”
The proceeds of the Flow-Through Offering will be primarily used to fund the Company’s exploration program at its Kingsway project in Newfoundland. The securities issued are subject to a statutory hold period expiring on August 17, 2021.
Labrador Gold Closes $9.8 Million Flow-Through Financing Backed by Eric Sprott and New Found Gold to Accelerate Exploration at Kingsway
Mr. Roger Moss reports:
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.
“I am pleased to welcome New Found Gold and Mr. Sprott as shareholders of LabGold. Their participation in this financing is a vote of confidence in the Company and in the potential of our Kingsway Project,” said Roger Moss, President and CEO of the Company. “As we ramp up our spring/summer program we are well capitalized to expand our aggressive exploration targeting Big Vein and the quartz vein corridor to make the next discovery in the Gander gold district.”
The proceeds of the Flow-Through Offering will be primarily used to fund the Company’s exploration program at its Kingsway project in Newfoundland. The securities issued are subject to a statutory hold period expiring on August 17, 2021.