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Coloured Ties Capital ( (TSE:TIE) ) has issued an update.
Coloured Ties Capital, one of the largest shareholders of Labrador Gold, has launched a strong public challenge to Labrador’s recent communication suggesting that votes cast on the dissident GOLD proxy may not be counted, denouncing the stance as unethical and contrary to proper corporate governance. The group of Concerned Shareholders, including Kal and Rauni Malhi, accuses Labrador’s board of attempting to entrench itself by intimidating investors, sowing confusion about proxy validity and effectively threatening to disregard lawful dissident votes, and is urging fellow shareholders to back a board reconstitution via the GOLD proxy to restore what it calls shareholder democracy and accountability at the company.
More about Coloured Ties Capital
Coloured Ties Capital Inc. is an investment company listed on the TSX Venture Exchange, OTC Pink and Frankfurt Stock Exchange that actively takes significant shareholder positions in public companies, including Labrador Gold Corp., to influence corporate governance and strategic direction on behalf of investors.
Average Trading Volume: 16,079
Technical Sentiment Signal: Buy
Current Market Cap: C$9.63M
For detailed information about TIE stock, go to TipRanks’ Stock Analysis page.