Clarifing News Release Labrador Technologies to Postpone Reporting First Quarter 2020 Results Due to Delays Caused BY COVID-19
CLARIFING NEWS RELEASE
LABRADOR TECHNOLOGIES TO POSTPONE REPORTING FIRST QUARTER 2020 RESULTS
DUE TO DELAYS CAUSED BY COVID-19
CALGARY, April 3, 2020 – Labrador Technologies In c. (TSXV: LTX) ("Labrador" or the "Company”)
wishes to provide the following clarification to the Company’s news release dated March 31, 2020.
The Company announced the postponement of filing its interim financial st atements ("Financial
Statements") and its interim management's discussi on & analysis ("MD&A") for the interim period ended
January 31, 2020 due to logistics and delays caused by the COVID-19. The Company will invoke the
Alberta Securities Commission (the "Commission" ) blanket order 51-517 (the "Blanket Order") for
temporary exemption from certain corporate finance re quirements. Recent global events pertaining to
COVID-19 has impacted the Company, its officers, di rectors and consultant’s ability to rely on timely
information and to meet to approve its financial statements and MD&A.
According to the ASC Blanket Order 51-517 (“Blanket Order”), during the period from March 23, 2020 to
June 1, 2020 a person or company required to make cert ain filings as described in the Blanket Order has an
additional 45 days from the deadline otherwise applicab le under Alberta securities la ws to make the filing
according to certain disclosure obligations by the Company.
Pursuant to the Blanket Order, the Company is rely ing on the relief therein for its Financial Statements
required by section 4.2 of National Instrument 51-1 02 and its MD&A required by subsection 5.1(2) of
National Instrument 51-102.
The Company estimates that the required disclosure required by Alberta securities laws will be filed no later
than May 15, 2020.
Until the Company has filed and announced the required Financial Statements and MD&A, all management
and other insiders are subject to the Company’s sh are trading and black-out policy that reflects the
principles in section 9 of National Policy 11-207 Failure -to-File Cease Trade Orders and Revocations in
Multiple Jurisdictions.
There have been no material business developments since the date of the last audited financial statements
were filed on February 28, 2019.
About Labrador Technologies
Labrador Technologies Inc. is a Calgary, Alberta based technology company evaluating new opportunities
in the technology sector.
For further information, please contact:
Kaan Camlioglu, Interim Chief Executive Officer
T: (403) 818-1091
Dean Stuart
T: (403) 617-7609
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.