Labrador Gold Raises CA$5.8 Million Via Non-Brokered Private Placement

11:00 AM EDT, 10/26/2026 (MT Newswires) -- Labrador Gold (LAB.V) closed its non-brokered private placement offering raising CA$5.8 million, it said in a statement on Monday. The offering consisted of 61.3-million common shares issued on a non-flow-through basis (HD shares) and 53.9-million common shares that will qualify as "flow-through shares" (FT shares), each at CA$0.05 apiece. Proceeds from the sale of the FT shares will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures," it said. Closing of the final tranche of the offering comprised subscriptions for 61.3-million HD shares and 11.2-million FT shares and included subscriptions by Matachewan Consolidated Mines, Limited and McChip Resources for CA$726,325 of HD shares, representing 14.5-million HD shares, it added. Shares of the company were last seen down 9% at CA$0.05 on the TSX Venture Exchange.