Business · Companies · 3 hrs ago
Matachewan and McChip acquire 42.7 million Labrador Gold shares
Matachewan Consolidated Mines and McChip Resources acquired 42,675,809 Labrador Gold shares on October 19, 2026.
The purchase was made as part of Labrador Gold’s first private-placement tranche, a share sale to raise money.
Labrador Gold issued the shares on a flow-through basis at $0.05 each.
The tranche raised $2,133,790.45 in total for the company.
Matachewan’s disclosed portion was 21,337,905 shares.
The two companies’ acquisition is the subject of an early warning disclosure, a notice about a significant shareholding change.
The announcement does not give details about any further steps.
Matachewan Consolidated Mines and McChip Resources acquired a total of 42,675,809 Labrador Gold shares.
The acquisition took place on October 19, 2026, as part of the closing of the first tranche of Labrador Gold’s non-brokered private placement.
The shares were issued on a flow-through basis at $0.05 each.
The first tranche raised gross proceeds of $2,133,790.45.
- Who
- Matachewan Consolidated Mines, Limited and McChip Resources Inc.
- What
- They acquired 42,675,809 common shares of Labrador Gold Corp.
- When
- October 19, 2026.
- Where
- The acquired company, Labrador Gold Corp., has its head office in Toronto, Ontario.
- Why
- The shares were acquired in connection with the closing of the first tranche of Labrador Gold’s non-brokered private placement.
This story does not have two clearly opposing sides.
Matachewan and McChip acquired 42,675,809 Labrador Gold shares in the first tranche of the private placement.
Matachewan and McChip announced the acquisition in an early warning disclosure.
- Total shares acquired
- 42,675,809
- Price per share
- $0.05
- Gross proceeds
- $2,133,790.45
- First tranche
- 42,675,809 flow-through common shares
- Labrador Gold head office
- Toronto, Ontario