1-2-18 7:01 AM EST | Email Article


Calgary, Alberta / TheNewswire / January 2, 2018 – Labrador Technologies Inc. ("Labrador" or the "Corporation") (TSXV: “LTX”) is pleased to announce it has increased the maximum amount of its previously announced non-brokered private placement from $750,000 to $1,000,000, for up to 20,000,000 units at a price of $0.05 per unit. Each unit will now consist of one common share and one common share purchase warrant (the private placement previously announced on December 27, 2017 consisted of a share and a half warrant) with an exercise price of $0.10. A finder’s fee in the amount of 9% cash and 9% broker warrants (each broker warrant exercisable into one Common Share at a price of $0.05 per share) may be paid to eligible persons in accordance with applicable securities laws in conjunction with this private placement.

Proceeds from this private placement will be used to advance the Corporation’s proprietary visualization solutions for financial reporting.

About Labrador Technologies

Labrador Technologies is a Calgary, Alberta based software development firm providing innovative solutions for industries seeking a visual interpretation of financial reporting.

For more information contact:

Ronald Sterne

T: (403) 263 6325

E: info@labradortechnologies.com

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.

Not for distribution to U.S. news wire services or dissemination in the United States

Copyright (c) 2018 TheNewswire - All rights reserved.

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