Coloured Ties nominates directors for Labrador

Executive Summary

• Coloured Ties Capital Inc., a significant shareholder of Labrador Gold Corp. (TSXV: LAB), has formally nominated three directors for election to Labrador’s board of directors at the upcoming Annual General and Special Meeting of Shareholders scheduled for December 2, 2025.
• The nominees—Kulwant Malhi, Ronald Wortel, and Jean Lafleur—bring extensive experience in mineral exploration, finance, and geology, aiming to address what Coloured Ties describes as a lack of execution and strategic direction by the current management.
• Coloured Ties criticizes the current board for failing to utilize Labrador’s cash resources (in excess of $18 million) and notes that the company trades at cash value with no active mineral exploration projects or material developments over the past 18 months.

Key Details

• Nomination Date: October 30, 2025.
• Shareholder: Coloured Ties Capital Inc. (Significant shareholder of Labrador Gold Corp.).
• Target Company: Labrador Gold Corp. (TSX Venture Exchange: LAB).
• Meeting Date: December 2, 2025 (Annual General and Special Meeting of Shareholders).
• Nominees:
  • Kulwant Malhi: Entrepreneur, venture capitalist, founder and chairman of BullRun Capital Inc. (Vancouver-based investment and technology commercialization platform).
  • Ronald Wortel: CEO of Goldeni Investment Intelligence, senior mining equity research analyst with Zacks Small-Cap Research and Couloir Capital; over 30 years of resources industry experience.
  • Jean Lafleur: Professional geologist with over 45 years of experience; currently a board member at Scandium Canada and technical adviser at Appian Capital Advisory, LaFleur Minerals, Copper Bullet Mines, Goldflare Exploration, and Explo-Logik Inc.
• Shareholder Criticism: Coloured Ties states the current board and management have failed to execute on opportunities despite having in excess of $18 million in cash resources.
• Company Status: Labrador trades at cash value with no active mineral exploration projects and zero material developments over the past 18 months.
• Proxy Solicitation Status: Coloured Ties does not currently intend to publicly solicit proxies or acquire additional shares before the meeting but reserves the right to reconsider if management refuses to acknowledge nominations or hold the overdue AGM.
• Goal: To strengthen Labrador’s governance framework, correct inaction, and leverage strengths into the mining market through prudent capital allocation and leadership renewal.

Notable Quotes

• "Labrador has significant cash resources. The current board and management have failed to execute on any opportunity despite having in excess of $18-million and a robust and strong mineral exploration market. The company's aim is to correct the inaction."
• "Labrador trades at cash value with no active mineral exploration projects and zero material developments over the past 18 months."