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Labrador Resources Ltd. Announces Revisions to the Previously Announced Proposed Private Placement, Debt Extending Agreements and Credit Facility
(TheNewswire)   CALGARY, ALBERTA – TheNewswire - April 7, 2026 – Lab...
About this update from Labrador Resources Inc
[{"type":"text","content":"Labrador Resources Ltd. Announces Revisions to the Previously Announced Proposed Private Placement, Debt Extending Agreements and Credit Facility\n(TheNewswire)\n \n\nCALGARY, ALBERTA – TheNewswire - April 7, 2026 – Labrador Resources Ltd. (“Labrador” or the\n“Corporation”) (TSXV:\nLTX) announces revised terms to the proposed\nprivate placement and of the debt extension agreements previously\nannounced (see Labrador news release dated February 24, 2026) and an\nextension to its existing credit facility.\n\n\nProposed Private Placement\n\n\nLabrador intends to proceed with the private placement\nof up to 8,000,000 common shares  (“Common Shares”) at\na price of $0.07 per Common Share for gross proceeds of up to $560,000\n(the “Offering”).  No warrants will be included in the proposed private\nplacement.\n\n\nThe Corporation may pay commissions of six percent (6%)\nto qualified finders or agents and may issue broker warrants\n(“Broker Warrants”) for up\nto six percent (6%) of the total number of Common Shares issued\npursuant to the Offering.  Any Broker Warrant issued will entitle the\nholder to purchase a Common Share at a price of $0.07 for a period of\none (1) year from the date of closing of the Offering.\n\n\nThere is no minimum Offering.\n\n\nProceeds from the Offering will be used for general\nworking capital purposes, debt servicing   and expenses related to\nthe Offering.\n\n\nThe Corporation will rely on the Exemption for Sales to\nPurchasers Advised by Investment Dealers.  In that regard, the\nCorporation confirms that there is no material fact or material change\nrelated to the Corporation which has not been generally\ndisclosed.\n\n\nIn addition to offering the Common Shares pursuant the\nExemption for Sales to Purchasers Advised by Investment Dealers, the\nCommon Shares are also being offered pursuant to other available\nprospectus exemptions, including sales to accredited investors. If\nsubscriptions received for the Offering based on all available\nexemptions exceed the maximum Offering amount of $560,000, Common\nShares will be allocated pro\nrata among all subscribers qualifying under all\navailable exemptions.\n\n\nThe Common Shares and Broker Warrants that may be\nissued pursuant to the Offering wi...