LTX Labrador Resources Inc

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or the "Company") is
pleased to announce that it has completed the first tranche of the non-brokered
private placement (the "Private Placement") originally announced January 28,
2013. Proceeds totalling $106,500 have been received by the Company by issuance
of 10,650,000 units of Labrador ("Units"), at a price of $0.01 per Unit. Each
Unit consists of one Common Share and one-half (1/2) share purchase warrant (a
"Warrant") with each whole Warrant entitling the holder to acquire one
additional Common Share of the Company at a price of $0.05 per share for a
period of 12 months from the date of issuance of the Unit. The Private Placement
is being conducted in accordance with the TSX Venture Exchange "Temporary Relief
Measures", and proceeds will be allocated to the following: audits and
accounting expenses; legal expenses; federal and provincial payments; operating
loans; programming expenses; and other miscellaneous fees owing.


The Common Shares and Warrants are subject to a four month hold period in
accordance with applicable law.


Labrador(R) specializes in secure, web-based retrieval software that seamlessly
visualizes and maps Oil & Gas data on both mobile devises and the desktop.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Labrador Technologies Inc.
Ronald Sterne
CEO
(403) 263-6325

Labrador Resources (TSXV:LTX)
Historical Stock Chart
From Jun 2024 to Jul 2024

Labrador Resources (TSXV:LTX)
Historical Stock Chart
From Jul 2023 to Jul 2024