Labrador Gold Corp (TSE:LAB) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Labrador Gold Corp. has announced an update on the imminent sale of its Kingsway Project to New Found Gold Corp., with the latter set to acquire 100% interest in exchange for $20 million CAD paid in shares. Shareholders are scheduled to vote on the proposal at the upcoming meeting on June 27, 2024, with the company’s Board of Directors recommending approval of the transaction. Detailed transaction information will be made available to shareholders through the Information Circular and meeting materials.
For further insights into TSE:LAB stock, check out TipRanks’ Stock Analysis page.