VANCOUVER, BC, Feb. 18, 2026 /CNW/ - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("Coloured Ties"), one of the largest shareholders of Labrador Gold Corp. (TSX.V: LAB) (OTCQB: NKOSF) (FSE: 2N6) ("Labrador" or the "Company"), together with Kal Malhi and Rauni Malhi (the "Concerned Shareholders", "us" or "we"), commit to paying shareholders a $0.02 dividend, if successful and will declare it within 7 days of the shareholder meeting. Shareholders are tired of the ongoing value destruction, including the recently announced "pipe dream" greenfield investments. It would be far better to return some capital to shareholders than to continue to gamble it away on these poorly considered, so-called investments in other companies' projects. Coloured Ties believes that returning some capital to shareholders is the right thing to do and it would still leave enough capital in the treasury to pursue prudent brownfield opportunities.
During the last two years, Labrador Gold's treasury dwindled from over $19M (as of financial statements dated December 31, 2024) to what is expected to be under $12-14M following the upcoming shareholders' meeting, with zero shareholder value delivered by the current Labrador Team.
Coloured Ties would seek to eliminate costs associated with the current path of pursuing remote grass roots projects and or "minority investments" and divert those expenses toward the shareholder dividend.
Prior to Coloured Ties' involvement with Labrador Gold and its purchases of Labrador Gold common shares, Labrador Gold's common shares traded in the $.06- $.08 range (June to July 2025). A Dividend of $.02 would provide shareholders an attractive TAX ADVANTAGE DIVIDEND return equal to 25-33% return, based on their pre-Coloured Ties share values, and STILL leave shareholders with their shareholdings intact, in a newly structured mineral exploration focussed company.
In contrast, allowing the current treasury destruction path and voting for the continuation of the current management will likely result in a much depleted treasury, a grass roots project portfolio and a return to the pre-Coloured Ties common share valuation, or much less.
Coloured Ties would like to thank shareholders for the overwhelming support received to date and urges shareholders who have not yet voted to do so. Only by voting on the GOLD proxy or GOLD VIF can shareholders reverse years of mismanagement and only by supporting Coloured Ties can shareholders finally get some of their own capital back. We are encouraged that so many fellow shareholders have affirmed the need for change. Their message is clear: shareholders hold the Board and management accountable for years of value destruction and strategic missteps. Equally clear is their unwillingness to compound this record with a risky and unnecessary shift in business--one for which the Board lacks both relevant experience and credible execution capabilities.
This shareholder meeting will determine whether Labrador continues down a path of value destruction or finally embraces accountability, disciplined capital allocation, and shareholder-focused leadership. It takes minutes to vote. It takes years to undo bad decisions.
If you have any questions or require any assistance with your vote, please contact our strategic advisor, Advisense Partners, at 1.866.207.4819 (toll-free in North America), 1.437.783.3139 (outside North America) or via email at engage@advisensepartners.com.
Disclaimer
The information contained or referenced herein is for information purposes only in order to provide the views of the Concerned Shareholders and the matters which the Concerned Shareholders believe to be of concern to shareholders described herein. The information is not tailored to specific investment objections, the financial situations, suitability, or particular need of any specific person(s) who may receive the information, and should not be taken as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of the Concerned Shareholders, whose opinions may change at any time and which are based on analyses of the Concerned Shareholders.
About Coloured Ties Capital Inc.
Coloured Ties is a publicly traded Canadian-based venture capital firm focused on early-stage investments in companies in the junior resources and breakthrough and disruptive technologies. Coloured Ties' investment strategy is to invest early in multiple private and public companies across a variety of sectors that merit investment to advance promising ventures globally. Coloured Ties invests early-stage in promising projects, serving as the Founding or Early-Stage investor and providing investees with advisory services and access to the Company's ecosystem.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: Certain information in this news release may constitute "forward- looking information" within the meaning of applicable securities legislation. Forward-looking statements and information generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "plans," "continue," or similar expressions suggesting future outcomes or events. Forward-looking information in this news release may include, but is not limited to, statements of the Concerned Shareholders regarding the proposed payment of a dividend and other actions by Coloured Ties should the Concerned Shareholders be successful in reconstituting the Board, the outcome of the shareholder meeting, expectations regarding Labrador's treasury and other matters pertaining to Labrador and its business. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements and information are based will occur or, even if they do occur, will result in the plans, results or performance expected. We caution readers not to place undue reliance on forward-looking statements and information contained in this news release, which are not a guarantee of performance, events or results and are subject to a number of risks, uncertainties and other factors that could cause actual results, performance or events to differ materially from those expressed or implied by such forward- looking statements or information. These factors include regulatory approvals, general economic and market conditions, changes in law, changes in management, changes in the composition of the Board, actions of Labrador and its subsidiaries or competitors, the ability to implement business strategies and plans and pursue business opportunities and conditions in the mineral exploration industry. Shareholders are cautioned that all forward-looking statements and information involve risks and uncertainties, including those risks and uncertainties detailed in the continuous disclosure and other filings of Labrador with applicable Canadian securities regulators. We urge you to carefully consider those factors.
The forward-looking statements and information contained in this news release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements and information included in this news release are made as of the date hereof and the Concerned Shareholders undertake no obligation to publicly update such forward-looking statements or information to reflect new information, subsequent events or otherwise, except as required by applicable laws.
SOURCE Coloured Ties Capital Inc.
For further information, please contact: Kal Malhi, Chief Executive Officer, kal@bullruncapital.ca, Ph: 604-805-4602
