Labrador Technologies Inc.
TSX VENTURE : LTX

Labrador Technologies Inc.

March 12, 2007 18:50 ET

Labrador Announces Option Grant

CALGARY, ALBERTA--(CCNMatthews - March 12, 2007) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Labrador Technologies Inc. (TSX VENTURE:LTX) (the "Company") announces that pursuant to the terms and conditions of its 2006 Stock Option Plan, it has granted, in the aggregate, 275,000 incentive stock options (the "Options"), to a certain director, certain employees, and a consultant to the Company. 50,000 of the Options vest immediately, 112,500 vest on March 12, 2008 and 112,500 vest on March 12, 2009. These Options are exercisable over a two (2) year period at $0.50 per share.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

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