Labrador Technologies Private Placement
Labrador Technologies Private Placement
Calgary, Alberta May 8, 2017 – Labrador Technologies Inc. (" Labrador" or the "Corporation")
(TSXV: “LTX”) is pleased to announce that the Corporation will be undertaking a non-brokered
financing of up to 9,000,000 units for proceeds of C$90,000. Each unit is offered at C$0.01, and
shall consist of one common share (“common shar e”), and one common share purchase warrant
(“warrant”) with an exercise price of C$0.05 for a period of two years.
Proceeds from this financing will be used to advance the Corporation’s map-centric technology
for other sectors beyond where it is currently being used by the energy sector. In addition to
providing map-based data retrieval and visualiz ation, Labrador provides customers with the
ability to access financial repo rts and proprietary industry data . The map-centric technology and
associated source code are app licable to a variety of sectors including renewable energy, the
medical cannabis industry, and any other industry requiring a precise map location, with a
requirement to do financial and proprietary reporting by each lo cation as well as aggregation
reporting.
This financing is subject to TSX Venture Exchange approval.
About Labrador Technologies
Labrador Technologies is a Calgary, Alberta base d software development firm providing innovative
solutions for the energy industry. The Corporation is well positioned through its proprietary solutions
which include the wellTriever™ softwa re, a map-based data retriever a nd visualizer for the oil and gas
industry.
For more information contact:
Ronald Sterne
T: (403) 263 6325
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.