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Labrador Technologies Inc Announces Completion Of First Tranche Of Non-Brokered Private Placement


Wednesday, 6 Mar 2013 08:04pm EST 

Labrador Technologies Inc announced 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. 

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24 Oct 2014