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Labrador Gold's Board of Directors Sends Letter to Shareholders Warning of Dissident Attempt to Seize Corporate Cash
Urges Shareholders to Act Today and  Vote ONLY on the BLUE Proxy or VIF to Pr...
About this update from Labrador Gold Corp
[{"type":"text","content":"Labrador Gold’s Board of Directors Sends Letter to Shareholders Warning of Dissident Attempt to Seize Corporate Cash\nUrges Shareholders to Act Today and Vote ONLY on the BLUE Proxy or VIF to Protect LabGold from a Self-Serving Dissident Who is Attempting to Take Control Without Paying Shareholders a PremiumQuestions? Need Help Voting BLUE? Contact Kingsdale Advisors at 1-888-518-6813 (toll-free in North America), email [email protected], or visit www.TheFutureofLAB.com TORONTO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB | FNR: 2N6) (“LabGold” or the “Corporation”) today announced that it has filed and will commence mailing of a Letter to Shareholders (the “Letter”) in connection with the upcoming Annual General and Special Meeting of Shareholders to be held on February 24, 2026 (the “Meeting”). In the Letter, the Board of Directors of the Corporation (the “Board”) outlines serious concerns regarding an attempt by Coloured Ties Capital Inc. (the “Dissident”) and its principal, Kulwant (Kal) Malhi, to gain control of the Corporation’s cash for self-serving interests. The Letter can be accessed HERE. The Dissident’s No-Premium Takeover Attempt Threatens Shareholder Value The Dissident is attempting to gain effective control of LabGold without paying a premium to all shareholders, while exposing shareholders to the downside risk of conflicted capital allocation decisions without any corresponding compensation. The Dissident and its nominees have clear conflicts of interest and a history of shareholder value destruction, raising serious concerns that they could redirect the Corporation’s cash for purposes that do not benefit all shareholders. Once the Corporation’s cash is spent, shareholders cannot vote it back, underscoring the importance of protecting LabGold’s financial resources from a self-serving dissident. The Board unanimously recommends that shareholders vote “FOR” all LabGold’s resolutions and vote “AGAINST”/”WITHHOLD” on the Dissident’s resolutions. Vote ONLY on the BLUE Form of Proxy (BLUE Proxy) or BLUE Voting Instruction Form (BLUE VIF) in line with the Corporation’s recommendations and disr...