Labrador Gold Corp (TSX.V: LAB | FNR: 2N6) has issued an urgent call to shareholders to exercise their voting rights immediately, with the proxy voting deadline set for February 20, 2026 at 11:00 a.m. Toronto Time. The corporation is urging investors to protect their holdings from what it describes as a risky, self-serving dissident shareholder, Coloured Ties Capital Inc.
Critical Voting Deadline Approaches
With just hours remaining before the voting cutoff, LabGold management emphasizes that shareholders should vote ONLY on the BLUE Form of Proxy or BLUE Voting Instruction Form. The corporation's Annual General and Special Meeting of shareholders is scheduled for February 24, 2026, making timely voting essential for determining the company's future direction.
Major Shareholder Support for Management
Crescat Capital LLC, one of LabGold's largest shareholders with approximately 8.9% of issued and outstanding shares, has indicated its intention to vote in alignment with management's recommendations using the BLUE proxy. This significant endorsement comes as the corporation faces pressure from dissident shareholders seeking control.
"We appreciate Crescat's continued support of Labrador Gold," stated Roger Moss, President and CEO of LabGold. "Along with the recommendations from the global leading independent proxy advisors, ISS and Glass Lewis, it reminds our shareholders of the opportunistic and self-serving nature of the Dissident's action."
Independent Expert Recommendations
LabGold has filed a new Letter to Shareholders on the corporation's SEDAR+ issuer profile, summarizing independent voting recommendations from Institutional Shareholder Services (ISS) and Glass, Lewis, & Co. (Glass Lewis). These globally recognized proxy advisors have endorsed management's position, providing institutional investors with trusted guidance on the voting decision.
The corporation emphasizes that the dissident shareholder has made false claims, including an assertion about evaluating the Watson property in fall 2025 that Nemo Resources has called "100% false." This misinformation campaign underscores the importance of shareholders making informed voting decisions based on verified information.
What's at Stake for Investors
The outcome of this proxy vote will determine who controls approximately CAD $16 million in cash to execute LabGold's long-term strategy for creating shareholder value. Management warns that this represents a one-way decision, as mismanaged capital cannot be recovered once lost.
Shareholders are encouraged to consider whether they would allow their investment to be controlled by a dissident with what management describes as a history of shareholder value and capital destruction. The corporation had previously outlined five critical facts that shareholders must understand to protect their investment interests.
How to Vote and Get Assistance
Shareholders who require assistance with voting are directed to contact LabGold's strategic advisor, Kingsdale Advisors, at 1-888-518-6813 (toll-free in North America), via email at contactus@kingsdaleadvisors.com, or by visiting www.TheFutureofLAB.com. The corporation emphasizes that time is running out and urges immediate action to ensure votes are counted before the rapidly approaching deadline.
With independent proxy advisors supporting management's position and a major shareholder aligning with corporate leadership, LabGold presents a united front against what it characterizes as a disruptive and self-serving dissident campaign. The coming days will determine whether shareholders maintain confidence in current management or opt for alternative leadership.
