Labrador Gold Upsizes Private Placement to CA$7 Million from CA$4 Million

08:52 AM EDT, 10/13/2026 (MT Newswires) -- Labrador Gold (LAB.V) has increased the size of its previously announced private placement to CA$7 million from CA$4 million, citing strong investor interest, the company said Tuesday. The company will issue 40 million to 140 million non-flow-through and flow-through shares in the offering priced at CA$0.05 per share. Labrador Gold plans to use the proceeds to incur eligible Canadian exploration expenses under the Tax Act on its mineral projects in Canada. It will also use the funds to advance exploration, as well as for working capital and general corporate purposes.