First part exploration on the Kingsway challenge in Newfoundland. Credit score: Labrador Gold.
Labrador Gold Corp. (TSXV: LAB) has closed a non-brokered personal placement, elevating C$15 million from the sale of 16.7 million working capital models at a value of C$0.90 every. A single unit consists of 1 frequent share and one-half share buy warrant. Every full warrant is exercisable to accumulate a standard share at C$1.05 till Might 18, 2023.
The models had been taken up one-third by New Discovered Gold (TSXV: NFG; OTC: NFGFF) and two-thirds by Eric Sprott.