Labrador Gold Issues Critical Alert Regarding Dissident Proxy Materials
Labrador Gold Corp. has issued a formal warning to its shareholders regarding what it describes as material deficiencies in proxy materials filed by dissident shareholder Coloured Ties Capital Inc. The company's detailed review of the dissident's Gold Form of Proxy and Gold Voting Instruction Form has revealed significant inconsistencies that could potentially invalidate votes cast using these documents.
Potential Voting Irregularities Identified
According to Labrador Gold's analysis, the dissident's proxy materials contain fundamental flaws that may require the meeting chair to reject votes submitted on the Gold Proxy. The company asserts that these documents fail to properly reflect the terms of the original Shareholder Meeting Requisition submitted by Coloured Ties, creating confusion about proper voting procedures for the upcoming Annual General and Special Meeting scheduled for February 24, 2026.
The corporation emphasizes that the dissident's circular and Gold Proxy misrepresent how director elections must be conducted according to the requisition's specific conditions. Labrador Gold maintains that its own BLUE Form of Proxy and BLUE Voting Instruction Form accurately reflect the meeting requirements, while the dissident's materials contain what the company characterizes as desperate manipulations of the requisition's clear terms.
Urgent Voting Guidance for Shareholders
Labrador Gold is advising all shareholders to take immediate action to protect their voting rights:
- Vote ONLY using the BLUE Form of Proxy or BLUE Voting Instruction Form
- Disregard any Gold or other proxy materials received from the dissident
- Contact Kingsdale Advisors at 1-888-518-6813 for voting assistance
- Visit www.TheFutureofLAB.com for additional information and resources
The company warns that the deficiencies in the dissident's materials demonstrate what it calls a fundamental lack of competence that undermines shareholders' ability to make informed decisions about Labrador Gold's future direction. According to the corporation, these issues highlight significant risks associated with supporting what it describes as the dissident's self-serving campaign for control without offering a premium to all shareholders.
Historical Context and Corporate Concerns
Labrador Gold suggests this situation represents a familiar pattern from previous proxy fights involving the dissident. The company alleges that Coloured Ties and its principal, Kulwant (Kal) Malhi, have employed similar tactics in the past: presenting selective information to win shareholder votes, gaining corporate control to serve their own agenda, and ultimately destroying value for the very investors who supported them.
The corporation has distributed a detailed letter to shareholders outlining its concerns about the risks posed by the dissident's campaign. Labrador Gold maintains that the dissident has omitted the company's nominees from the Gold Proxy and failed to accurately represent the requisition's conditions regarding director elections, creating what the company characterizes as deliberate confusion among shareholders.
As the February meeting approaches, Labrador Gold continues to emphasize the importance of proper voting procedures and urges shareholders to exercise caution when considering proxy materials from any source other than the corporation itself. The company maintains that following its voting instructions represents the only way to ensure that shareholder votes will be properly counted and recognized during the critical governance decisions facing the corporation.
