Basic Materials

Labrador Gold (NKOSF) Stock Moves Above $1 Mark: What’s The Buzz?

Investors who are currently on the hunt for stocks that might have recorded handsome gains in recent weeks could do well to take a look at the Labrador Gold (OTCMKTS:NKOSF) stock.

The stock has managed to clock gains of as much as 70% since the early days of May and as a matter of fact, over the past two months, the Labrador Gold stock has gone up by 300%.

Last week the company announced that it managed to raise gross proceeds of as much as $15 million after it completed a private placement of 16,666,667 working capital units for $0.90 each. The placement had been non-brokered. The working capital units were picked up by Eric Splott and New Found Gold Corp. Each unit is made up of one share of the Labrador Gold common stock and half of a share purchase warrant. A whole warrant will allow the holder to pick up a Labrador share for $1.05 up until May 18 in 2023.