Labrador Technologies Inc.

Labrador Technologies Inc.

April 14, 2011 17:44 ET

Labrador Technologies Inc. Announces Corrections to Share Issuance

CALGARY, ALBERTA--(Marketwire - April 14, 2011) - Labrador Technologies Inc. ("LTI" or "Labrador") (TSX VENTURE:LTX) announces that pursuant to certain employee and consulting agreements dated June 7, 2005 to July 29, 2010, converting compensation into shares, it has issued 658,694 common shares ranging in price from $0.10 to $0.44 per share for a total value of $85,145.21. These share issuances have not previously been press released by the Company.

Separately, the Company announces, in connection with the closing of its May 12, 2009, private placement, that an arm's length party received 60,000 units in lieu of a cash commission. Each unit consisted of one common share and one half (1/2) of one common share purchase warrant. Each whole warrant was exercisable into a common share at a price of $0.45 per common share prior to May 14, 2010. This commission payment was omitted from LTI's press release dated May 14, 2009.

Labrador® eTriever is a secure, web-based, generic data retriever, which thrives in complex database environments such as the Oil & Gas industry. eTriever™ goes well beyond conventional methods of oil and gas data retrieval to provide wireless data access using such devices as the BlackBerry™, the iPhone™, and the iPad™.

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.

Contact Information

  • Labrador Technologies Inc.
    Ronald Sterne
    (403) 263-6325