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Off-market insider buying at Labrador Gold (V:LAB)

Updated Tuesday Nov 03, 2020 04:14 AM EDT

Palisades Goldcorp Ltd., a 10% Holder, acquired 7,500,000 Common Shares on a direct ownership basis at a price of $0.300 through a private transaction on October 29th, 2020. The insider also acquired 7,500,000 Warrants with an exercise price of $0.600 until October 29, 2022. This represents a $2,250,000 investment into the company's shares and an account share holdings change of greater than 100%.

Labrador Gold is in the Gold Sub Industry Group under the Basic Materials Sector.

Labrador Gold Corp, formerly Nikos Explorations Ltd is a Canada-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. The Company aims its investments towards three properties: The Ashuanipi project, The Nain gold project and The Hopedale greenstone properties. The Ashuanipi gold project is located around 35km from the iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The Nain gold project comprises three claim blocks, two of which lie along the Nain-Churchill terrane boundary. The Hopedale greenstone properties cover much of the Hunt River and Florence Lake greenstone belts that stretch over 80km.

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Go to Labrador Gold Corp. (LAB)'s company page

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