Labrador Technologies Announces $1 mm Private Placement

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

(TheNewswire)

Calgary, Alberta / TheNewswire / September 17, 2018 – Labrador Technologies Inc. ("Labrador" or the "Corporation") (TSXV: “LTX”) announces its intention to complete a non-brokered private placement for up to a maximum of 20,000,000 units (the "Units") at a price of $0.05 per Unit, for aggregate gross proceeds of up to a maximum of $1,000,000 (the "Offering"). Each Unit will consist of one common share ("Share") and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $0.10 for a period of two (2) years from the date of closing of the Offering.  

Labrador may pay a cash commission or finder's fee to qualified non-related parties of up to 9% of the gross proceeds of the Offering, and broker warrants (the “Broker Warrants") equal to up to 9% of the number of Units sold in the Offering.  

Labrador intends to use the gross proceeds of the Offering towards general working capital with special focus on the development of the Cannaverse software components. Labrador has over three decades of experience managing and reporting on proprietary data, and is well positioned to aggregate, analyze, and visualize the fragmented datasets of the Cannabis industry.

Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The Shares and Warrants issued under the Offering will be subject to a four month hold period from the date of closing.

About Labrador Technologies

Labrador Technologies is a Calgary, Alberta based software development firm providing map-based solutions for industries seeking a visual interpretation of financial reporting.  Labrador has expanded its vision beyond Oil & Gas to include the cannabis industry.

For more information contact:

Ronald Sterne

T: 403-263-6325

E: [email protected]

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2018 TheNewswire - All rights reserved.