{"success":true,"data":{"pressRelease":{"id":"179329","rtpr_id":"nGNX58YK57-20261026","ticker":"LAB","exchange":"","all_tickers":["LAB"],"title":"Labrador Gold Closes $5.76M Non-Brokered Private Placement","author":"Globe Newswire","published_at":"2026-10-26T11:00:00.813Z","article_body":"Not for distribution to United States newswire services or for dissemination\nin the United States.\n\nTORONTO, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB |\nFNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that\nfurther to the Company’s press releases of September 17, 2026, October 13,\n2026, October 20, 2026 and October 21, 2026, LabGold closed, on October 23,\n2026, its non-brokered private placement offering, for aggregate gross\nproceeds of $5,760,115.45.\n\nThe non-brokered private placement offering consisted of: 61,326,500 common\nshares of the Company issued on a non-flow-through basis (the “HD\nShares”); and 53,875,809 common shares of the Company that will qualify as\n“flow-through shares” within the meaning of subsection 66(15) of the\nIncome Tax Act (Canada) (the “Tax Act”) (the “FT Shares” and, together\nwith the HD Shares, the “Shares”), each at a price of $0.05 per Share, for\naggregate gross proceeds of $5,760,115.45 representing the issuance of\n115,202,309 Shares (the “Offering”).\n\nThe closing of the final tranche of the Offering comprised subscriptions for\n61,326,500 HD Shares and 11,200,000 FT Shares and included subscriptions by\nMatachewan Consolidated Mines, Limited and McChip Resources Inc.\n(collectively, the “Lead Investors”) for $726,325 of HD Shares,\nrepresenting 14,526,500 HD Shares.\n\nAll securities issued pursuant to the final tranche are subject to a statutory\nhold period expiring February 24, 2027 in accordance with applicable Canadian\nsecurities laws and the policies of the TSXV.\n\nIn addition to the statutory hold period expiring February 24, 2027, the HD\nShares issued to the Lead Investors are subject to a one-year contractual\nlock-up, expiring October 23, 2027, subject to customary exceptions. See the\nCompany’s October 20, 2026, press release for more details.\n\nThe gross proceeds from the sale of the FT Shares will be used to incur\neligible “Canadian exploration expenses” that qualify as “flow-through\nmining expenditures”, as those terms are defined in the Tax Act (the\n“Qualifying Expenditures”), on the Company’s mineral properties in\nCanada. The Company will renounce the Qualifying Expenditures in favour of the\nsubscribers of the FT Shares with an effective date no later than the date\npermitted under the Tax Act, in an aggregate amount not less than the gross\nproceeds raised from the issuance of the FT Shares. The net proceeds from the\nsale of the HD Shares will be used for exploration and development activities,\nworking capital and general corporate purposes.\n\nThe Offering remains subject to final acceptance of the TSXV. The Company did\nnot pay any finder’s fees in connection with the Offering.\n\nThe securities referred to in this news release have not been, and will not\nbe, registered under the United States Securities Act of 1933, as amended (the\n“U.S. Securities Act”), or the securities laws of any state of the United\nStates, and may not be offered or sold in the United States absent\nregistration or an available exemption from the registration requirements of\nthe U.S. Securities Act and applicable securities laws of any state of the\nUnited States. This news release does not constitute an offer to sell or a\nsolicitation of an offer to buy any securities in any jurisdiction.\n\nFive insiders of the Company subscribed for 8,700,000 FT Shares and 17,526,500\nHD Shares for an aggregate of $1,311,325 on the closing of the final tranche.\nThe insider private placements are exempt from the valuation and minority\nshareholder approval requirements of Multilateral Instrument 61-101 (“MI\n61-101”) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)\n(a) of MI 61-101 in that the fair market value of the consideration for the\nsecurities of the Company which were issued to the insiders does not exceed\n25% of its market capitalization.\n\nAbout Labrador Gold\n\nLabrador Gold is a Canadian-based hybrid mining and investment issuer focused\non the acquisition and exploration of prospective mineral projects in Canada\nand on strategic investments in mining companies and assets that the Company\nbelieves have the potential to generate long-term value.\n\nThe Mariposa project covers 16,000 ha in the White Gold District and is 40\nkilometres southeast of the White Gold Project and 30 kilometres\neast-northeast of Fuerte’s Coffee gold project. Mariposa shares many\ngeological similarities to both the Golden Saddle (part of the White Gold\nProject) and Coffee gold deposits including host lithologies, mineralization\nstyle and structural control. The property occurs at the headwaters of\nsignificant placer gold producing creeks with historic placer production of\n73,000 oz from Scroggie Creek (3) indicative of significant bedrock gold\nmineralization yet to be fully defined. Six significant gold occurrences have\nbeen delineated by over 13,000 soil samples to date, including the most\nadvanced Skookum Main and Skookum West prospects.\n\nThe Watson Project, a joint venture with Nemo Resources Inc., represents the\nlargest landholding in the Fort Hope Greenstone Belt which is significantly\nunderexplored compared to other greenstone belts (e.g. Red Lake and Pickle\nLake) in northwestern Ontario. While the exploration focus will be on gold,\nthe Watson project also hosts significant potential for critical minerals\n(e.g. antimony, nickel, copper and zinc). The proposed road to the Ring of\nFire, expected to begin construction in mid-2026, runs through the Watson\nproperty and, once complete, will significantly reduce exploration and\ndevelopment costs.\n\nThe Hopedale property covers much of the Archean-age Florence Lake greenstone\nbelt, which extends over 60 kilometers. While typical of greenstone belts\nglobally, the area has been underexplored. LabGold’s work to date has\nidentified gold anomalies in rocks, soils, and lake sediments across a\nthree-kilometer section of the northern portion of the belt. Five gold\noccurrences lie along this trend, four of which were discovered by LabGold.\nAdditional anomalous gold values occur across approximately 40 kilometers of\nthe southern portion of the belt. Recent exploration has also demonstrated\npotential for copper, nickel, and cobalt.\n\nThe Borden Lake project near Chapleau, Ontario lies immediately southeast of\nDiscovery Silver Corp’s Borden gold mine. Past exploration by LabGold\nidentified two anomalous gold zones based on geochemistry and geophysics.\n\nThe Company has 286,012,288 common shares issued and outstanding and trades on\nthe TSX Venture Exchange under the symbol LAB.\n\nFor more information, please contact:\n\nLabrador Gold Corp.: Roger Moss, President and CEO\n\nT: 416-704-8291\n\nWebsite: www.labradorgold.com\n\nX: @LabGoldCorp\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nForward-Looking Statements\n\nThis news release contains forward-looking statements and forward-looking\ninformation (collectively, “forward-looking statements”) within the\nmeaning of applicable Canadian securities laws. Forward-looking statements in\nthis release include, but are not limited to, statements regarding the\nanticipated use of the proceeds of the Offering; the Company’s intention to\nincur and renounce Qualifying Expenditures; and the receipt of TSXV approvals.\n\nForward-looking statements are based on management’s current expectations,\nestimates, assumptions and beliefs as of the date of this release, including\nassumptions regarding the satisfaction of the conditions to closing; the\navailability of applicable prospectus exemptions; the receipt of all required\ncorporate and regulatory approvals, including the acceptance of the TSXV; the\navailability of Qualifying Expenditures; and the Company’s ability to incur\nand renounce the Qualifying Expenditures within the periods required under the\nTax Act.\n\nForward-looking statements are subject to known and unknown risks,\nuncertainties and other factors that may cause actual results or events to\ndiffer materially from those expressed or implied by such statements. These\nrisks and uncertainties include, among others, that required corporate or\nregulatory approvals, including TSXV acceptance, may not be obtained; that\nsufficient Qualifying Expenditures may not be available; that the Company may\nnot incur or renounce Qualifying Expenditures within the periods required\nunder the Tax Act; and the risks described in the Company’s continuous\ndisclosure filings with Canadian securities regulatory authorities.\n\nReaders are cautioned not to place undue reliance on forward-looking\nstatements. The Company undertakes no obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents or otherwise, except as required by applicable law.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2ed721a2-5a95-44dd-81da-8fdfd719e8ca)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX58YK57-20261026","title":"Labrador Gold Closes $5.76M Non-Brokered Private Placement","author":"Globe Newswire","ticker":"LAB","created":"2026-10-26T11:00:00.813Z","tickers":["LAB"],"exchange":"","article_body":"Not for distribution to United States newswire services or for dissemination\nin the United States.\n\nTORONTO, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB |\nFNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that\nfurther to the Company’s press releases of September 17, 2026, October 13,\n2026, October 20, 2026 and October 21, 2026, LabGold closed, on October 23,\n2026, its non-brokered private placement offering, for aggregate gross\nproceeds of $5,760,115.45.\n\nThe non-brokered private placement offering consisted of: 61,326,500 common\nshares of the Company issued on a non-flow-through basis (the “HD\nShares”); and 53,875,809 common shares of the Company that will qualify as\n“flow-through shares” within the meaning of subsection 66(15) of the\nIncome Tax Act (Canada) (the “Tax Act”) (the “FT Shares” and, together\nwith the HD Shares, the “Shares”), each at a price of $0.05 per Share, for\naggregate gross proceeds of $5,760,115.45 representing the issuance of\n115,202,309 Shares (the “Offering”).\n\nThe closing of the final tranche of the Offering comprised subscriptions for\n61,326,500 HD Shares and 11,200,000 FT Shares and included subscriptions by\nMatachewan Consolidated Mines, Limited and McChip Resources Inc.\n(collectively, the “Lead Investors”) for $726,325 of HD Shares,\nrepresenting 14,526,500 HD Shares.\n\nAll securities issued pursuant to the final tranche are subject to a statutory\nhold period expiring February 24, 2027 in accordance with applicable Canadian\nsecurities laws and the policies of the TSXV.\n\nIn addition to the statutory hold period expiring February 24, 2027, the HD\nShares issued to the Lead Investors are subject to a one-year contractual\nlock-up, expiring October 23, 2027, subject to customary exceptions. See the\nCompany’s October 20, 2026, press release for more details.\n\nThe gross proceeds from the sale of the FT Shares will be used to incur\neligible “Canadian exploration expenses” that qualify as “flow-through\nmining expenditures”, as those terms are defined in the Tax Act (the\n“Qualifying Expenditures”), on the Company’s mineral properties in\nCanada. The Company will renounce the Qualifying Expenditures in favour of the\nsubscribers of the FT Shares with an effective date no later than the date\npermitted under the Tax Act, in an aggregate amount not less than the gross\nproceeds raised from the issuance of the FT Shares. The net proceeds from the\nsale of the HD Shares will be used for exploration and development activities,\nworking capital and general corporate purposes.\n\nThe Offering remains subject to final acceptance of the TSXV. The Company did\nnot pay any finder’s fees in connection with the Offering.\n\nThe securities referred to in this news release have not been, and will not\nbe, registered under the United States Securities Act of 1933, as amended (the\n“U.S. Securities Act”), or the securities laws of any state of the United\nStates, and may not be offered or sold in the United States absent\nregistration or an available exemption from the registration requirements of\nthe U.S. Securities Act and applicable securities laws of any state of the\nUnited States. This news release does not constitute an offer to sell or a\nsolicitation of an offer to buy any securities in any jurisdiction.\n\nFive insiders of the Company subscribed for 8,700,000 FT Shares and 17,526,500\nHD Shares for an aggregate of $1,311,325 on the closing of the final tranche.\nThe insider private placements are exempt from the valuation and minority\nshareholder approval requirements of Multilateral Instrument 61-101 (“MI\n61-101”) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)\n(a) of MI 61-101 in that the fair market value of the consideration for the\nsecurities of the Company which were issued to the insiders does not exceed\n25% of its market capitalization.\n\nAbout Labrador Gold\n\nLabrador Gold is a Canadian-based hybrid mining and investment issuer focused\non the acquisition and exploration of prospective mineral projects in Canada\nand on strategic investments in mining companies and assets that the Company\nbelieves have the potential to generate long-term value.\n\nThe Mariposa project covers 16,000 ha in the White Gold District and is 40\nkilometres southeast of the White Gold Project and 30 kilometres\neast-northeast of Fuerte’s Coffee gold project. Mariposa shares many\ngeological similarities to both the Golden Saddle (part of the White Gold\nProject) and Coffee gold deposits including host lithologies, mineralization\nstyle and structural control. The property occurs at the headwaters of\nsignificant placer gold producing creeks with historic placer production of\n73,000 oz from Scroggie Creek (3) indicative of significant bedrock gold\nmineralization yet to be fully defined. Six significant gold occurrences have\nbeen delineated by over 13,000 soil samples to date, including the most\nadvanced Skookum Main and Skookum West prospects.\n\nThe Watson Project, a joint venture with Nemo Resources Inc., represents the\nlargest landholding in the Fort Hope Greenstone Belt which is significantly\nunderexplored compared to other greenstone belts (e.g. Red Lake and Pickle\nLake) in northwestern Ontario. While the exploration focus will be on gold,\nthe Watson project also hosts significant potential for critical minerals\n(e.g. antimony, nickel, copper and zinc). The proposed road to the Ring of\nFire, expected to begin construction in mid-2026, runs through the Watson\nproperty and, once complete, will significantly reduce exploration and\ndevelopment costs.\n\nThe Hopedale property covers much of the Archean-age Florence Lake greenstone\nbelt, which extends over 60 kilometers. While typical of greenstone belts\nglobally, the area has been underexplored. LabGold’s work to date has\nidentified gold anomalies in rocks, soils, and lake sediments across a\nthree-kilometer section of the northern portion of the belt. Five gold\noccurrences lie along this trend, four of which were discovered by LabGold.\nAdditional anomalous gold values occur across approximately 40 kilometers of\nthe southern portion of the belt. Recent exploration has also demonstrated\npotential for copper, nickel, and cobalt.\n\nThe Borden Lake project near Chapleau, Ontario lies immediately southeast of\nDiscovery Silver Corp’s Borden gold mine. Past exploration by LabGold\nidentified two anomalous gold zones based on geochemistry and geophysics.\n\nThe Company has 286,012,288 common shares issued and outstanding and trades on\nthe TSX Venture Exchange under the symbol LAB.\n\nFor more information, please contact:\n\nLabrador Gold Corp.: Roger Moss, President and CEO\n\nT: 416-704-8291\n\nWebsite: www.labradorgold.com\n\nX: @LabGoldCorp\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nForward-Looking Statements\n\nThis news release contains forward-looking statements and forward-looking\ninformation (collectively, “forward-looking statements”) within the\nmeaning of applicable Canadian securities laws. Forward-looking statements in\nthis release include, but are not limited to, statements regarding the\nanticipated use of the proceeds of the Offering; the Company’s intention to\nincur and renounce Qualifying Expenditures; and the receipt of TSXV approvals.\n\nForward-looking statements are based on management’s current expectations,\nestimates, assumptions and beliefs as of the date of this release, including\nassumptions regarding the satisfaction of the conditions to closing; the\navailability of applicable prospectus exemptions; the receipt of all required\ncorporate and regulatory approvals, including the acceptance of the TSXV; the\navailability of Qualifying Expenditures; and the Company’s ability to incur\nand renounce the Qualifying Expenditures within the periods required under the\nTax Act.\n\nForward-looking statements are subject to known and unknown risks,\nuncertainties and other factors that may cause actual results or events to\ndiffer materially from those expressed or implied by such statements. These\nrisks and uncertainties include, among others, that required corporate or\nregulatory approvals, including TSXV acceptance, may not be obtained; that\nsufficient Qualifying Expenditures may not be available; that the Company may\nnot incur or renounce Qualifying Expenditures within the periods required\nunder the Tax Act; and the risks described in the Company’s continuous\ndisclosure filings with Canadian securities regulatory authorities.\n\nReaders are cautioned not to place undue reliance on forward-looking\nstatements. The Company undertakes no obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents or otherwise, except as required by applicable law.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2ed721a2-5a95-44dd-81da-8fdfd719e8ca)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-26T11:00:00.891911142Z","server_sent_at_ms":1793012400891},"received_at":"2026-10-26T11:00:01.042Z","source_url":null},"analysis":{"id":"167223","press_release_id":"179329","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["115.2M new shares at $0.05 represent ~40% dilution to the existing 286M share count","offering still subject to final TSXV acceptance","heavy insider participation via MI 61-101 exemption (related-party dilution)"],"eventType":"offering","narrative":"Labrador Gold closed its non-brokered private placement on October 23, 2026, raising gross proceeds of $5,760,115.45 at $0.05 per share.\n\nThe deal issued 115,202,309 new shares — 61.3M non-flow-through and 53.9M flow-through — against 286,012,288 shares outstanding, expanding the share count by roughly 40%. Insiders subscribed for $1,311,325 and Lead Investors Matachewan Consolidated and McChip Resources for $726,325, with the Lead Investors' HD shares under a one-year lock-up.\n\nFlow-through proceeds must be spent on Canadian exploration expenses, while remaining net proceeds fund exploration, working capital, and general corporate purposes. The offering remains subject to final TSXV acceptance.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Micro-cap explorer funds Canadian gold exploration with a ~40% share-count expansion at a nickel a share — insider participation cushions but dilution dominates."},"keyFigures":{"offeringPrice":0.05,"sharesOffered":115202309,"customDimensions":{"ft_shares":53875809,"hd_shares":61326500,"shares_outstanding":286012288,"insider_subscriptions":"$1,311,325","lead_investor_subscriptions":"$726,325"}},"namedEntities":{"people":[{"name":"Roger Moss","role":"President and CEO"}],"products":["Mariposa project","Watson Project","Hopedale property","Borden Lake project"],"companies":[{"name":"Labrador Gold Corp.","ticker":"LAB","relationship":"filer"},{"name":"Matachewan Consolidated Mines, Limited","relationship":"lead investor"},{"name":"McChip Resources Inc.","relationship":"lead investor"},{"name":"Nemo Resources Inc.","relationship":"joint venture partner"},{"name":"Discovery Silver Corp","relationship":"adjacent mine operator"}],"dollarAmounts":[{"amount":"$5,760,115.45","context":"aggregate gross proceeds of the private placement"},{"amount":"$0.05","context":"price per share in the offering"},{"amount":"$726,325","context":"HD Shares subscribed by Lead Investors"},{"amount":"$1,311,325","context":"aggregate insider subscriptions in final tranche"}]},"materialImpact":{"score":3,"reasoning":"Closed a $5.76M non-brokered private placement at $0.05 per share, issuing 115.2M new shares against 286.0M outstanding — roughly 40% share count expansion at a nickel price. Insider participation and flow-through structure soften the blow but dilution is heavy for a micro-cap explorer."},"tickerRelevance":{"others":[],"primary":"LAB"},"globalImportance":8,"audienceRelevance":5,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap TSXV","eventGravity":"private-placement-closing","dilutionMagnitude":"high relative to share count","usListingRelevance":"low (Canadian venture issuer)"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":3,"narrative":"Labrador Gold closed its non-brokered private placement on October 23, 2026, raising gross proceeds of $5,760,115.45 at $0.05 per share.\n\nThe deal issued 115,202,309 new shares — 61.3M non-flow-through and 53.9M flow-through — against 286,012,288 shares outstanding, expanding the share count by roughly 40%. Insiders subscribed for $1,311,325 and Lead Investors Matachewan Consolidated and McChip Resources for $726,325, with the Lead Investors' HD shares under a one-year lock-up.\n\nFlow-through proceeds must be spent on Canadian exploration expenses, while remaining net proceeds fund exploration, working capital, and general corporate purposes. The offering remains subject to final TSXV acceptance.","key_figures":{"offeringPrice":0.05,"sharesOffered":115202309,"customDimensions":{"ft_shares":53875809,"hd_shares":61326500,"shares_outstanding":286012288,"insider_subscriptions":"$1,311,325","lead_investor_subscriptions":"$726,325"}},"named_entities":{"people":[{"name":"Roger Moss","role":"President and CEO"}],"products":["Mariposa project","Watson Project","Hopedale property","Borden Lake project"],"companies":[{"name":"Labrador Gold Corp.","ticker":"LAB","relationship":"filer"},{"name":"Matachewan Consolidated Mines, Limited","relationship":"lead investor"},{"name":"McChip Resources Inc.","relationship":"lead investor"},{"name":"Nemo Resources Inc.","relationship":"joint venture partner"},{"name":"Discovery Silver Corp","relationship":"adjacent mine operator"}],"dollarAmounts":[{"amount":"$5,760,115.45","context":"aggregate gross proceeds of the private placement"},{"amount":"$0.05","context":"price per share in the offering"},{"amount":"$726,325","context":"HD Shares subscribed by Lead Investors"},{"amount":"$1,311,325","context":"aggregate insider subscriptions in final tranche"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-26T11:00:13.593Z","global_importance":8,"audience_relevance":5,"importance_components":{"tickerTier":"micro-cap TSXV","eventGravity":"private-placement-closing","dilutionMagnitude":"high relative to share count","usListingRelevance":"low (Canadian venture issuer)"}},"durationMs":7180,"modelName":"glm-5.3-flashx"}}