Dr. Roger Moss reports
LABRADOR GOLD ANNOUNCES REPRICING OF RECENT OPTIONS
Labrador Gold Corp. will reprice the options issued as announced in the news release dated May 14, 2019.
The company will reprice the 1.6 million options to purchase common shares of the company, to be exercisable at a price of 25 cents for a period of five years. The options will be issued to directors, an officer and a consultant.
"Following internal discussions, there was unanimous support of the board for the repricing of the options. The directors want their interests to be aligned with shareholders, hence pricing the new options at a premium and at a price equal to the previous financing closed on July 25, 2018," said Dr. Roger Moss, president and chief executive officer. "The directors are excited about the upcoming field season as we begin detailed follow-up on the success of last year's work. We will be announcing our plans for the season in the coming weeks."
Dr. Roger Moss, PhD, PGeo, is the qualified person responsible for all technical information in this release.
About Labrador Gold Corp.
Labrador Gold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017, Labrador Gold signed a letter of intent under which the company has the option to acquire 100 per cent of the 896-square-kilometre Ashuanipi property in northwest Labrador and the 458-square-kilometre Hopedale property in eastern Labrador.
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