LTX Labrador Resources Inc

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or the "Company")
announced today 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.


Labrador(R) eTriever is a secure, web-based, data retriever, which thrives in
complex database environments such as the Oil & Gas industry. eTriever(R) goes
well beyond conventional methods of oil and gas data retrieval to provide
seamless wireless data access using such devices as the BlackBerry(TM), the
iPhone(TM), and the iPad(TM).


Certain information regarding Labrador set forth in this news release, including
the closing of the private placement, the use of proceeds of the private
placement may constitute forward-looking statements under applicable securities
laws and necessarily involve substantial known and unknown risks and
uncertainties. The forward-looking statements contained in this document are
made as at the date of this news release and Labrador does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Labrador Technologies Inc.
Ron Sterne
CEO
(403) 263-6325

Labrador Resources (TSXV:LTX)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Labrador Resources (TSXV:LTX)
Historical Stock Chart
Von Jun 2023 bis Jun 2024