Business
Coloured Ties Urges Shareholders to Take Back Your Cash and Stop the Treasury Burn
Coloured Ties Urges Shareholders to Take Back Your Cash and Stop the Treasury Burn Canada...
About this update from Labrador Gold Corp
[{"type":"text","content":"\n\n\nColoured Ties Urges Shareholders to Take Back Your Cash and Stop the Treasury Burn\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, Feb. 19, 2026 /CNW/ - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) (\"Coloured Ties\"), one of the largest shareholders of Labrador Gold Corp. (TSXV: LAB) (OTCQB: NKOSF) (FSE: 2N6) (\"Labrador Gold\" or the \"Company\"), together with Kal Malhi and Rauni Malhi (the \"Concerned Shareholders\", \"us\" or \"we\"), have committed to paying a $0.02 per share dividend and direct Labrador Gold into becoming a respected mineral exploration Company. The Concerned Shareholders urge that voting is critical to ensure Labrador Gold is put on the path to value creation rather than destruction, as current management continues to drain treasury without meaningful developments.\nCONCERNED SHAREHOLDERS' \"PLAYBOOK\" - REMOVE CURRENT MANAGEMENT AND ACHIEVE RESULTS RATHER THAN CONTINUE TREASURY BURNLabrador Gold recently issued a new release stating that they have concerns regarding our \"Playbook\" which they frame as action against Labrador Gold as an entity rather than a strategic action to remove the current management team and replace it with consistent value creators and company-builders. The Concerned Shareholders' \"Playbook\" is simply to maximize shareholder value for the interest of ALL shareholders, while management's current path has been self-entrenching and continues to dwindle the Company's treasure with bad business decisions.  The Concerned Shareholders are simply attempting to remove the mismanagement of Labrador Gold, which has been sitting idle during generational commodity price records and capital inflow the mineral exploration sector, and consistently draining the corporate treasury with little to no meaningful value drivers on the horizon.LABRADOR GOLD TAKES $19M TREASURY TOWARDS $12-13MOver the last two years, Labrador Gold's treasury dwindled from over $19 million (as of the financial statements dated December 31, 2024) to an expected range of  $12-14 mill...