Labrador Gold Corp. (TSX.V: LAB | FNR: 2N6) (“LabGold” or the “Company”) announces that further to its press releases dated September 17, 2026, October 13, 2026, and October 20, 2026 it has extended its non-brokered private placement offering for up to a further thirty (30) days.
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it → announce → days
The non-brokered private placement offering consists of: (i) common shares of the Company issued on a non-flow-through basis (the “HD Shares”); and (ii) common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) (the “FT Shares” and, together with the HD Shares, the “Shares”), each at a price of $0.05 per Share, for aggregate gross proceeds of a minimum of $2,000,000 and a maximum of $7,000,000, representing the issuance of between 40,000,000 and 140,000,000 Shares (the “Offering”).
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that → consist → Shares
The Company closed on the first tranche with subscriptions by Matachewan Consolidated Mines, Limited (TSX.V: MCM-A) (“Matachewan”) and McChip Resources Inc. (TSX.V: MCS) (“McChip” and, together with Matachewan, the “Lead Investors”) for $2,133,790.45 of FT Shares, representing 42,675,809 FT Shares.
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Company → close → Shares
The Offering will remain open until the earlier of the sale of the remaining HD Shares and FT Shares and November 6, 2026.
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Offering → remain → Shares
The Offering
The Offering consists of the Shares, each at a price of $0.05 per Share, for aggregate gross proceeds of a maximum of $7,000,000, representing the issuance of up to 140,000,000 Shares.
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Offering → consist → Shares
The Offering will close a second tranche on or about October 23, 2026, with a final closing on or before November 6, 2026.
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Offering → close → November
The participants in, and the number of HD Shares and FT Shares to be issued under any further tranches will be determined by the Company and the Lead Investors, provided that the aggregate gross proceeds of the Offering will not exceed $7,000,000.
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proceeds → issue → 7,000,000
Prior to the final closing of the Offering, the Lead Investors intend to subscribe for HD Shares such that, together with the FT Shares acquired in the first tranche, the Lead Investors will collectively hold up to 19.99% of the issued and outstanding common shares of the Company following completion of the Offering.
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Investors → intend → Offering
The gross proceeds from the sale of the FT Shares will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures”, as those terms are defined in the Tax Act (the “Qualifying Expenditures”), on the Company’s mineral properties in Canada.
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terms → use → Canada
The Company will renounce the Qualifying Expenditures in favour of the subscribers of the FT Shares with an effective date no later than the date permitted under the Tax Act, in an aggregate amount not less than the gross proceeds raised from the issuance of the FT Shares.
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Company → renounce → Shares
The net proceeds from the sale of the HD Shares will be used for exploration and development activities, working capital and general corporate purposes.
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proceeds → use → activities
All securities issued under the Offering will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange (the “TSXV”).
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securities → issue → Exchange
The Offering remains subject to final acceptance of the TSXV.
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Offering → remain → TSXV
The Company does not intend to pay finder’s fees in connection with the Offering.
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Company → intend → Offering
The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable securities laws of any state of the United States.
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securities → refer → States
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction.
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release → constitute → jurisdiction
Four insiders of the Company intend to subscribe for 8,700,000 FT Shares and 3,000,000 HD Shares for an aggregate of $585,000 on the closing of the second tranche.
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insiders → intend → tranche
The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to the insiders will not exceed 25% of its market capitalization.
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which → contain → capitalization
About Labrador Gold
Labrador Gold is a Canadian-based hybrid mining and investment issuer focused on the acquisition and exploration of prospective mineral projects in Canada and on strategic investments in mining companies and assets that the Company believes have the potential to generate long-term value.
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Company → base → value
The Mariposa project covers 16,000 ha in the White Gold District and is 40 kilometres southeast of the White Gold Project and 30 kilometres east-northeast of Fuerte’s Coffee gold project.
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project → cover → project
Mariposa shares many geological similarities to both the Golden Saddle (part of the White Gold Project) and Coffee gold deposits including host lithologies, mineralization style and structural control.
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Mariposa → share → lithologies
The property occurs at the headwaters of significant placer gold producing creeks with historic placer production of 73,000 oz from Scroggie Creek (3) indicative of significant bedrock gold mineralization yet to be fully defined.
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production → occur → mineralization
Six significant gold occurrences have been delineated by over 13,000 soil samples to date, including the most advanced Skookum Main and Skookum West prospects.
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occurrences → delineate → prospects
The Watson Project, a joint venture with Nemo Resources Inc., represents the largest landholding in the Fort Hope Greenstone Belt which is significantly underexplored compared to other greenstone belts (e.g. Red Lake and Pickle Lake) in northwestern Ontario.
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which → represent → Ontario
While the exploration focus will be on gold, the Watson project also hosts significant potential for critical minerals (e.g. antimony, nickel, copper and zinc).
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project → host → minerals
The proposed road to the Ring of Fire, expected to begin construction in mid-2026, runs through the Watson property and, once complete, will significantly reduce exploration and development costs.
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road → propose → costs
The Hopedale property covers much of the Archean-age Florence Lake greenstone belt, which extends over 60 kilometers.
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which → cover → kilometers
LabGold’s work to date has identified gold anomalies in rocks, soils, and lake sediments across a three-kilometer section of the northern portion of the belt.
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work → identify → belt
Five gold occurrences lie along this trend, four of which were discovered by LabGold.
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four → lie → LabGold
Additional anomalous gold values occur across approximately 40 kilometers of the southern portion of the belt.
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values → occur → belt
Recent exploration has also demonstrated potential for copper, nickel, and cobalt.
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exploration → demonstrate → copper
The Borden Lake project near Chapleau, Ontario lies immediately southeast of Discovery Silver Corp’s Borden gold mine.
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project → lie → mine
Past exploration by LabGold identified two anomalous gold zones based on geochemistry and geophysics.
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exploration → identify → geochemistry
The Company has 213,485,788 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
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Company → have → LAB
For more information, please contact:
Roger Moss, President and CEO
Tel: 416-704-8291
X: @LabGoldCorp
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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term → define → release
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws.
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release → contain → laws
Forward-looking statements in this release include, but are not limited to, statements regarding the completion, size, pricing, structure and timing of the Offering, including the closing of any further tranches; the number and composition of Shares to be issued under the Offering; the participation of the Lead Investors, insiders and other subscribers; the anticipated use of the proceeds of the Offering; the Company’s intention to incur and renounce Qualifying Expenditures; and the receipt of corporate and TSXV approvals.
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statements → look → approvals
Forward-looking statements are based on management’s current expectations, estimates, assumptions and beliefs as of the date of this release, including assumptions regarding the satisfaction of the conditions to closing; the availability of applicable prospectus exemptions; the receipt of all required corporate and regulatory approvals, including the acceptance of the TSXV; the availability of sufficient subscriber demand; the ability of subscribers to fund their subscriptions; the absence of a material adverse change before closing; the availability of Qualifying Expenditures; and the Company’s ability to incur and renounce the Qualifying Expenditures within the periods required under the Tax Act.
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statements → look → Act
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such statements.
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results → look → statements
These risks and uncertainties include, among others, the risk that the Offering may be delayed, reduced, restructured or not completed on the terms described or at all; that the Company may raise less than the maximum amount contemplated; that subscribers may withdraw or fail to fund their subscriptions; that required corporate or regulatory approvals, including TSXV acceptance, may not be obtained; that sufficient Qualifying Expenditures may not be available; that the Company may not incur or renounce Qualifying Expenditures within the periods required under the Tax Act; and the risks described in the Company’s continuous disclosure filings with Canadian securities regulatory authorities.
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Company → include → authorities
…and 2 more, not listed.
The Aporia
