Labrador Technologies Inc.
TSX VENTURE : LTX

Labrador Technologies Inc.

January 27, 2015 17:51 ET

Labrador Arranges $100,000 Private Placement

CALGARY, ALBERTA--(Marketwired - Jan. 27, 2015) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or the "Company") announces that it has arranged a $100,000 non-brokered private placement for the Company (the "Private Placement").

In accordance with the TSX Venture Exchange's waiver of the minimum pricing requirement, Labrador proposes to issue 10,000,000 common shares at a price of $0.01 per common share. Proceeds of the private placement will be used for audit and accounting, legal, programming, sales, and general working capital expenses.

Labrador® specializes in secure, web-based data retrieval software that maps and visualizes Oil & Gas data on computers, tablets, and smartphones.

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, including the closing of the private placement, the use of proceeds of the private placement 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.

(Not for dissemination in the United States of America)

Contact Information

  • Labrador Technologies Inc.
    Bruce MacDonald
    President & CFO
    (403) 263-6325