Bruce MacDonald

June 17, 2016 16:01 ET

Early Warning Report Issued Pursuant to National Instrument 62-103 in Respect of the Disposition of Securities of Labrador Technologies Inc.

CALGARY, ALBERTA--(Marketwired - June 17, 2016) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Bruce MacDonald, a shareholder of Labrador Technologies Inc. ("Labrador" or the "Company") (TSX VENTURE:LTX), announces that he has decreased his shareholdings to 10,000,000 common shares in the capital of the Company ("Common Shares"), representing 8.86% of the issued and outstanding Common Shares.

From June 2, 2016 to June 7, 2016, Mr. MacDonald disposed of a total of 6,500,000 Common Shares at an average price of approximately $0.009 per share for aggregate consideration of $60,000.00. All dispositions were conducted through the facilities of the TSX Venture Exchange. Immediately prior to the completion of the dispositions, Mr. MacDonald owned 16,500,000 Common Shares, representing 14.61% of the issued and outstanding Common Shares.

Mr. MacDonald's disposition of the Common Shares was made for investment purposes and Mr. MacDonald intends to increase or decrease his holdings in Labrador depending on market conditions and as circumstances warrant.

For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws, please see the Company's profile on the SEDAR website www.sedar.com.

Mr. MacDonald has provided the above information to the Company for inclusion in this news release.

Neither 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.

Certain information regarding Labrador set forth in this news release may constitute forward-looking statements under applicable securities laws and necessarily involve substantial known and unknown risks and uncertainties. The forward-looking statements contained in this document are made as at the date of this news release and Labrador does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Contact Information

  • H. Ronald Sterne
    President and Chief Executive Officer
    Labrador Technologies Inc.
    Telephone: (403) 263-6325