Labrador Gold Announces Closing of Change of Business and Acquisition of Units of Northern Shield

About this update from Labrador Gold Corp

[{"type":"text","content":"Labrador Gold Announces Closing of Change of Business and Acquisition of Units of Northern Shield\nTORONTO, March 09, 2026 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that it has received final approval from the TSX Venture Exchange (the ”TSXV”) to its Change of Business (“COB”) to a hybrid Mining/investment issuer following approval of the COB by its shareholders at the Annual General & Special Meeting of shareholders held on February 24, 2026 (the “Meeting”). Following the Meeting, the Board of Directors elected at the Meeting, comprising Roger Moss, James Borland, Leo Karabelas and Kevin Ramsay, decided not to proceed with the change of name to Exin Ventures Inc., as referred to in the Management Information Circular dated January 15, 2026 filed in respect of the Meeting, and will continue to be known as Labrador Gold Corp. The halt of the Company’s common shares will be lifted and the Company will commence trading as a hybrid Mining/investment issuer under the symbol “LAB” at the open of the market on Wednesday, March 11, 2026. The Company is also pleased to announce that it has acquired 16,666,667 Units of Northern Shield Resources Inc. (“Northern Shield”) in exchange for the 16,666,667 Subscription Receipts (the “Subscription Receipts Financing”) issued to the Company by Northern Shield and referred to in the Company’s press releases of December 8, 2025 and December 31, 2025 (the “Northern Shield Investment”). Each Unit consists of one (1) common share of Northern Shield (a \"Common Share\") and one (1) common share purchase warrant (each a \"Warrant\"). Each Warrant entitles the Company to acquire one additional Common Share of Northern Shield (a \"Warrant Share\") at a price of $0.10 per Warrant Share until March 5, 2029. The condition to the Subscription Receipts Financing was satisfied with regulatory and shareholder approval to the COB and the $1 million plus accrued interest held in escrow pursuant to the Subscription Receipts Financing was released to Northern Shield. As additional consideration for LabGold in respect of the Northern Shield Investment, for as long as LabGold retains a 10% equity interest...

More updates from Labrador Gold Corp