Here are the News Release's of relevance for the Last year:
Labrador International Mining Ltd - News Release
Resignation, appointment & share options
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Aug 18 close $0.18
Tue 19 Aug 97 News Release
Mr Eugene Larabie reports
The company has accepted the resignation of Marina R. Pablo as secretary of
the company and the cancellation of 500,000 incentive stock options held by
her. Mr Virgil Walle has been appointed secretary of the company and has
been granted options to purchase 548,000 shares for a period of two years
at exercise price of $0.17 per share. Mr Jerrold Bradley, vice-president of
finance has renegotiated with the company the exercise price of the 433,000
incentive options held by him to a price of $0.17 per share. Mr Bradley's
options expire February 19 1999. The foregoing grant of options and
renegotiations of exercise price are subject to regulatory approval and the
renegotiation is also subject to shareholder approval.
At the annual general meeting held July 24 1997 Mr Lawrence Talbot did not
stand for re-election as a director of the company. The board of directors
elected at the AGM consists of Stephen J. Kuckinca, Michael Cartmel, Austin
Edward Hills, Richard David Boyd and Eugene Larabie.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - Options Granted
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Aug 22 close $0.28
Tue 26 Aug 97 Options Granted
On August 19 1997, directors and employees have been granted options on
548,000 shares at $0.17 expiring August 19 1999.
On February 19 1997, directors and employees have been granted options on
433,000 shares at $0.17 expiring February 19 1999.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - News Release
$750,000 special warrant financing
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Sep 23 close $0.14
Wed 24 Sept 97 News Release
Mr Jerry Bradley reports
The company has agreed with Union Securities Ltd for the placement of up to
5,000,000 special warrants at $0.15 for $750,000. Each special warrant will
entitle the holder to acquire one unit consisting of one share and one
warrant for no additional consideration to purchase one share for $0.15 in
the first year and at $0.20 in the second. The company has agreed to pay
Union Securities 5% of gross proceeds and has further agreed to issue class
B warrants to purchase up to 500,000 shares at $0.20 for two years.
Proceeds will be used to finance Voisey Bay work, property acquisitions and
exploration as well as for general administrative purposes.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - Private Placement
2.7m special warrants at $0.15
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Dec 22 close $0.19
Tue 23 Dec 97 Private Placement
The VSE has accepted for filing a brokered private placement of 2,700,000
special warrants at $0.15. Each special warrant is exercisable, for no
additional consideration, into a unit. Each unit consists of one share and
one share purchase warrant exercisable for one share.
Warrants: For 2,700,000 shares
Wt exercise price: $0.15 in year one; $0.20 in year two
Placees: Robert Larabie 1,400,000; Scorpio Services Ltd (Barry
Lionel Ching) 650,000; and David Baker 650,000
Agent: Union Securities
Commission: 5% cash and 500,000 class B warrants entitling Union to
purchase 500,000 shares at $0.20 for two years
There are no penalty clauses attached to the special warrants.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - Correction
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Dec 23 close $0.18
Wed 24 Dec 97 Correction
Further to the VSE notice dated December 23 1997 (Stockwatch, December 24),
the total number of agents warrants should have read 675,000 class B
warrants entitling Union Securities Ltd to purchase 675,000 shares at $0.20
for two years.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - News Release
2.7 million special warrant financing closed
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Dec 29 close $0.18
Tue 30 Dec 97 News Release
Mr Eugene Larabie reports
Labrador International Mining has closed the placement of 2.7 million
special warrants at $0.15 for total proceeds of $359,000. Each special
warrant allows the holder to acquire one unit consisting of one share and
one warrant to purchase an additional share for $0.15 for the first year
and $0.20 the second year. The company has paid Union Securities a 5%
commission and has granted broker's options to purchase up to 650,000
shares at $0.20 for two years.
Funds will be used to finance Labrador's 50% portion of the South Voisey
Bay area exploration work as well as reduce outstanding debt, and for
general administration.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - News Release
1.4 million special warrants acquired by Robert Larabie
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Jan 8 close $0.19
Fri 9 Jan 98 News Release
Mr Robert Larabie reports
On December 29 1997, Mr Robert Larabie acquired a total of 1,400,000
special warrants of Labrador, each special warrant being exercisable to
acquire one common share and one warrant. Each warrant is exercisable to
acquire an additional common share at $0.15 from December 29 1997 to
December 29 1998, and thereafter at $0.20 until December 29 1999. Mr
Larabie die not previously own any securities of the company. Accordingly,
Mr Larabie currently owns securities of the company which, if fully
exercised, would result in Mr Larabie holding 2,800,000 common shares, or
19.5% of the then issued common shares. The company is listed on the VSE,
however, the purchase of the special warrants was through a brokered
private placement.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - News Release
650,000 special warrants acquired by David Baker
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Jan 9 close $0.20
Mon 12 Jan 98 News Release
Mr David Baker reports
On December 29 1997, Mr Baker acquired a total of 650,000 special warrants
of Labrador, each special warrant being exercisable to acquire one share
and one warrant. Each warrant is exercisable to acquire an additional share
at $0.15 from December 29 1997 to December 29 1998, and thereafter at $0.20
until December 29 1999. Mr Baker did not previously own any securities of
the company. Accordingly, Mr Baker currently owns securities of the company
which, if fully exercised, would result in Mr Baker holding 1,300,000
shares, or 10.11% of the then issued shares. The purchase of the special
warrants was through a brokered private placement.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - News Release
Appointment
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Jan 27 close $0.32
Wed 28 Jan 98 News Release
Mr Eugene Larabie reports
Mr Larry Chace has been appointed vice-president of the company.
The company has granted 1,000,000 options at $0.26 for two years.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - News Release
$900,000 financing
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Feb 2 close $0.30
Tue 3 Feb 98 News Release
Mr Jerry Bradley reports
The company has agreed with Union Securities for the placement of up to
4,000,000 special warrants at $0.225 per warrant for proceeds of $900,000.
Each warrant will entitle the holder to acquire one unit consisting of one
share and one warrant and for no additional consideration to purchase one
share for $0.225 the first year and $0.275 the second. The company has
agreed to pay Union Securities 5% of gross proceeds and has further agreed
to issue class B warrants to purchase up to 500,000 shares at $0.275 for
two years. Funds will be used to finance Voisey Bay work, property
acquisitions and exploration as well as for general administrative
purposes.
The company has granted 400,000 options at $0.28 for two years.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - Options Granted
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Feb 10 close $0.33
Tue 10 Feb 98 Options Granted
On January 28 1998, the company has granted director and employee stock
options on 1,000,000 shares at $0.26 expiring January 28 2000.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - News Release
$900,000 financing cancelled; new financing arranged for $1,012,500
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Feb 26 close $0.30
Fri 27 Feb 98 News Release
Mr Jerry Bradley reports
Labrador International Mining will not proceed with the financing announced
in Stockwatch February 4 1998. The company has arranged a new placement
with Union Securities for up to 4,500,000 special warrants at $0.225 for
total proceeds of $1,012,500. Each special warrant will entitle the holder
to acquire one unit consisting of one share and one warrant and for no
additional consideration to purchase one share for $0.225 the first year
and $0.275 the second year. The company has agreed to pay Union Securities
6% of gross proceeds and has further agreed to issue class B warrants to
purchase up to 600,000 shares at $0.275 for two years. Funds will be used
to finance Voisey Bay work, property acquisitions and exploration as well
as for general administrative purposes.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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Labrador International Mining Ltd - Options Granted
Labrador International Mining Ltd LAB
Shares issued 10,561,308 Mar 23 close $0.35
Tue 24 Mar 98 Options Granted
On February 3 1998, the company granted director and employee stock options
on 400,000 shares at $0.28 expiring February 3 2000.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
Labrador International Mining Ltd - News Release
South Voisey's Bay JV agreements
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Labrador International Mining Ltd LAB
Shares issued 10,561,308 Apr 6 close $0.42
Tue 7 Apr 98 News Release
See Pallaum Minerals Ltd (PLM) News Release
Mr Stanley Ford reports
The Labrador Nickel Syndicate has executed three joint venture agreements
concerning the Adlatok River 2, Adlatok River 1 and the Eastern properties.
All of the properties are in the midst of and adjoining the Teck/Donner
South Voisey's Bay project area.
ADLATOK RIVER 2
The Adlatok River 2 property has exposed olivine gabbro over 4km.
Regionally, this extensive olivine gabbro is over 25km long on which Teck
will be executing a two-phase $13.5 million+ work and drill program this
season. Teck has identified its drill areas to date as the North gabbro and
the South gabbro. Adlatok River 2's central location with 4km of exposed
olivine gabbro is designated as the Central gabbro.
Adlatok River 2 has undergone a series of programs which have included
extensive geophysical studies and subsequent shallow drilling. These
programs have yielded the following indications of potential massive
sulphide mineralization on the style of the world class Voisey's Bay
Ni-Cu-Co deposit:
Magnetic, EM and UTEM surveys have all identified coincident geophysical
anomalies with the Central gabbro;
Previous drilling encountered leopard-textured troctolite at the northern
and southern reaches of the Central gabbro;
Previous drilling encountered a thin layer of massive sulphides at the
basal contact with the gneiss in the southern sector of the Central gabbro.
Given the highly prospective indicators of its potential to host a Voisey's
Bay-style deposit, the Adlatok River 2 property is highly regarded and a
prime target in the South Voisey's Bay region.
ADLATOK RIVER 1
Adlatok River 1 is also adjacent to Teck's current drill program. Adlatok
River 1 is NNE of Major General's Sarah Lake property and Northern
Abitibi's South Voisey's Bay property.
Work reportedly conducted on Major General's property, specifically the
down-hole EM survey on SVB-97-92, has indicated the presence of an off-hole
conductor that has been interpreted by Teck's consulting geophysicist to be
close to 100m in thickness within a favourable troctolite unit which is
trending to the NNE. This unit is the eastern extension of the troctolite
unit that occurs on Northern Abitibi and on which three separate drill
holes have encountered massive sulphide mineralization.
WORK PROGRAM
The LNS is currently in negotiations to contract out a two phase $1
million+ work and drill program on Adlatok River 2 and 1 properties for the
1998 season.
The LNS is comprised of Pallaum Minerals (25%) Globenet Resources (25%) and
Labrador International Mining (50%). The LNS believes that this program
will allow the companies to more fully understand the mineral potential of
the properties.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com |
