Business
Northern Shield Announces Non-Brokered Private Placement of Subscription Receipts
Northern Shield Announces Non-Brokered Private Placement of Subscription Receipts Canada ...
About this update from Labrador Gold Corp
[{"type":"text","content":"\n\n\nNorthern Shield Announces Non-Brokered Private Placement of Subscription Receipts\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.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nOTTAWA, ON, Dec. 8, 2025 /CNW/ - Northern Shield Resources Inc. (\"Northern Shield\" or the \"Company\") (TSXV: NRN) is pleased to announce a strategic non-brokered private placement with Labrador Gold Corp. (TSXV: LAB) (\"LabGold\"), whereby LabGold will subscribe for 16,666,667 subscription receipts of the Company (\"Subscription Receipts\") at a price of $0.06 per Subscription Receipt for aggregate gross proceeds of $1,000,000 (the \"Offering\").\n\n\n\n\n\n\n\n\"We are very pleased with the proposed investment partnership with Labrador Gold and are also proud that we will be their first investment as an investment issuer. Under the leadership of Mr. Roger Moss, LabGold has a successful track record in Newfoundland and Labrador by implementing a systematic exploration strategy that ultimately led to the buyout of their Kingsway project by NewFound Gold. Roger has recognized that traditional financings for early-stage greenfield projects, where the big discoveries are usually made, are disappearing and the proposed transition to a hybrid mining/investment issuer is timely and fits well with Northern Shield's innovative thinking. \nThere is continuing, and increasing, interest in the potential for porphyry copper/gold systems in the Avalon Terrane in Newfoundland, as exemplified at the Mineral Resources Review Conference in St, John's in November where an update on the Root & Cellar Project was well received with the rocks on display attracting much attention. Northern Shield's recent exploration results at the Creston target is an indication that the porphyry potential is significant for the Property to host a large, well-preserved, epithermal gold and porphyry copper system. We are glad that this rare opportunity was recognized b...