McChip Resources Acquires 9.995% Stake in Labrador Gold

Bitget2026/10/20 22:45

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McChip Resources acquired 21,337,904 Labrador Gold common shares for $1.07 million on October 19, 2026, through a private placement.
The flow-through shares were priced at $0.05 each, giving the investor an approximately 10% stake from no previous holding.
Matachewan Consolidated Mines purchased 21,337,905 common shares for $1.07 million in the same financing.
The joint investors collectively hold 42,675,809 common shares, representing approximately 19.99% of Labrador Gold’s outstanding shares on a non-diluted basis.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. McChip Resources Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610201845PRIMZONEFULLFEED9849956) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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McChip Resources Acquires 9.995% Stake in Labrador Gold

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