Labrador Gold acquires subscription receipts of Northern Shield

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TipRanks

Thu, January 1, 2026 astatine 6:15 AM CST 2 min read

Labrador Gold (NKOSF) has acquired 16,666,667 Subscription Receipts of Northern Shield Resources astatine $0.06 per Subscription Receipt for an concern of $1,000,000.02 pursuant to a subscription statement dated December 5. The Initial Investment Funds are held successful escrow and the merchandise of the funds to Northern Shield volition beryllium conditional upon receipt of LabGold shareholder and regulatory support to its projected alteration of concern from a axenic exploration institution to an exploration and concern issuer. This allows LabGold to support its exploration activities portion besides being capable to marque equity investments successful different assets companies arsenic acceptable retired successful the COB Press Release. Each Subscription Receipt volition entitle LabGold to receive, without immoderate further enactment oregon immoderate further consideration, and taxable to adjustment, 1 Unit of Northern Shield upon restitution of the Escrow Release Conditions. Each Unit consists of 1 communal stock of Northern Shield and 1 communal stock acquisition warrant. Each Warrant entitles the holder to acquisition 1 further Common Share astatine a terms of $0.10 per Warrant Share for a play of 36 months from the Escrow Release Date. As further information for LabGold successful respect of the Northern Shield Financing, for arsenic agelong arsenic LabGold retains a 10% equity involvement successful Northern Shield, LabGold shall person the pursuing rights: a pre-emptive close to enactment successful aboriginal financings of Northern Shield to support its equity involvement successful Northern Shield pursuing the issuance of the Units to LabGold and the close to name a method advisor to assistance usher exploration activities carried retired connected the properties of Northern Shield. The Units volition beryllium taxable to a voluntary lockup statement prohibiting the trading of the Common Shares, Warrants oregon Warrant Shares for a play of 4 months from the Escrow Release Date. In the lawsuit that the shareholders of LabGold don’t o.k. the Change of Business, the Initial Investment Funds volition beryllium returned to LabGold little an magnitude of $20,000 to beryllium paid to Northern Shield arsenic reimbursement for its tenable expenses successful narration to the Northern Shield Financing.

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