LTX Labrador Resources Inc

(Not for dissemination in the United States of America)

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or the "Company")
previously announced that it has completed a final tranche closing of 4,350,000
units of the Company (the "Units"), for gross proceeds of $43,500, in connection
with the Company's non-brokered private placement (the "Private Placement")
originally announced on May 15, 2013.


As previously announced, the Company completed the Private Placement for
aggregate gross proceeds of $163,500 in connection with the issuance of
16,500,000 Units of Labrador at a price of $0.01 per Unit. Each Unit consists of
one common share (a "Common Share") and one-half (1/2) of a Common 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 was approved by Labrador's board of directors and
conducted in accordance with the TSX Venture Exchange "Temporary Relief
Measures". The proceeds of the Private Placement have and will be allocated to
the following: audit and accounting expenses - $11,000; legal expenses -
$12,000; federal and provincial payments - $16,000; programming consulting
expenses $80,000; landlord payments - $12,500; and corporate services - $32,000.


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


Labrador(R) specializes in secure, web-based data retrieval software that
visualizes and maps 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 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.
Bruce MacDonald
President and CFO
(403) 263-6325

Labrador Resources (TSXV:LTX)
Historical Stock Chart
From Oct 2024 to Nov 2024

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