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Labrador Technologies Inc Arranges $500,000 Private Placement


Monday, 28 Jan 2013 01:07pm EST 

Labrador Technologies Inc announced that it has arranged a $500,000 non-brokered private placement for the Company.In accordance with the TSX Venture Exchange's Temporary Relief Measures, Labrador proposes to issue approximately 50,000,000 Units at a price of $0.01 per Unit. Each Unit will consist of one common share of the Company and one-half 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. Proceeds of the private placement will be allocated to : audits and accounting expenses; legal expenses; federal and provincial payments; operating loans; programming expenses; and other miscellaneous fees owing. 

Company Quote

0.0050
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19 Nov 2014