Business
Labrador Announces Proposed Consolidation
(TheNewswire) CALGARY, ALBERTA – December 18, 2025 – TheNewswire - Labra...
About this update from Labrador Resources Inc
[{"type":"text","content":"Labrador Announces Proposed Consolidation\n(TheNewswire)\n\n\nCALGARY, ALBERTA – December\n18, 2025 – TheNewswire - Labrador Resources\nLtd. (“Labrador” or the\n“Company”) (TSXV:LTX)\nannounces that it has mailed an information circular pertaining to an\nannual and special meeting of shareholders (“ASGM”) of the Company to be held\non January 14, 2026.  At the ASGM, the shareholders of the Company\nwill be asked to approve a consolidation (the \"Consolidation\") of the common\nshares of the Company (the \"Common Shares\") on the basis of one (1)\npost-consolidation Common Share (each a \"Post-Consolidation Share\") for\nup to every three (3) pre-consolidation Common Shares (the \"Pre-Consolidation Shares\") with\nthe final Consolidation ratio to be determined by the board of\ndirectors of the Company (the \"Board\").  It is not expected that there will be a\nchange of name in relation to the Consolidation.\n\n\nThe Company currently has 24,672,144 issued and\noutstanding Common Shares. No action will be required by shareholders\nto give effect to the Consolidation, if approved by the Company’s\nshareholders and the Board decides to proceed with a Consolidation.\nEach stock option, warrant, right or other security of the Company\nthat is convertible into Common Shares (the \"Convertible Securities\") that\nhas not been exercised or cancelled prior to the effective date of the\nimplementation of a Consolidation will be adjusted pursuant to the\nterms thereof on the same exchange ratio as a Consolidation.\n\n\nNo fractional shares will be issued as a result of a Consolidation.\n Any fractional Post-Consolidation Shares to which a holder of such\nshares would otherwise be entitled shall be rounded up to the next\ngreater whole number of Post-Consolidation Shares if the fractional\nentitlement is equal to or greater than 0.5 and shall be rounded down\nto the next lesser whole number of Post-Consolidation Shares if the\nfractional entitlement is less than 0.5.\n\n\nThe Board and management of the Company believe that the anticipated\nhigher share value resulting from a Consolidation may benefit Labrador\non a go forward basis by generating greater investor interest,\nattracting equity financing and by potentially increasing liquidity\nfor shareholders.\n\n\n...