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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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Labrador Technologies Inc Announces $250,000 Private Placement

Wednesday, 15 May 2013 03:22pm EDT 

Labrador Technologies Inc announced that it is undertaking a $250,000 non-brokered private placement for the Company. In accordance with the TSX Venture Exchange's Temporary Relief Measures, Labrador proposes to issue approximately 25,000,000 Unit at a price of $0.01 per Unit. Each Unit will consist of one common share of the Company 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. Proceeds of the private placement will be allocated to the following: audit and accounting expenses, legal expenses, federal and provincial payments, programming consulting expenses, landlord payments, corporate services and salary and wages. Labrador's Board of Directors has unanimously approved the private placement. 

Company Quote

19 Nov 2014