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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Labrador Resources Inc | TSXV:LTX | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.03 | 0.03 | 0.035 | 0 | 01:00:00 |
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Labrador Technologies Inc. ("Labrador" or "LTI") (TSX VENTURE:LTI), is pleased to advise that further to the policies of the TSX Venture Exchange, it has closed its non-brokered private placement ("Private Placement") announced at 25 cents ($0.25) per unit. As of the closing, LTI has issued 3,400,000 units at a price of $0.25 per unit, raising $850,000. Each unit consists of one common share, plus one-half of one common share purchase warrant of LTI. Each whole warrant entitles the holder to acquire one additional common share of LTI at a price of $0.45 per share, for a period of twelve (12) months following the closing date of the Private Placement. The common shares and warrants issued in connection with this Private Placement are subject to a four-month and one day hold period, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. Further, LTI wishes to announce that it will commence another private placement on the same terms. Proceeds of this financing will be used by LTI for general working capital and for further development and marketing of its eTriever(TM) product, particularly in the context of Calgary's Oil & Gas Data Centres. Labrador eTriever(TM) is a secure, web 2.0, generic data retriever, which thrives in complex database environments, such as the oil and gas industry. As a web-based offering, eTriever(TM) requires no installation, no CD updates, and no maintenance, while providing "minimal-click" search, reporting, and exporting capabilities, employing both Microsoft(R)'s Virtual Earth and Google(R) Map to view satellite imagery mapping. Further, eTriever(TM) goes well beyond conventional oil and gas web access to provide wireless data retrieval for proven hand-held devices, such as BlackBerries(TM), Palm(R) Treos(TM), Microsoft(R) Windows Mobile(TM) Smart Phones, and when available, Apples' iPhone. To learn more about eTriever(TM), please visit www.eTriever.com Labrador (www.labradortechnologies.com) trades on the TSX Venture under the symbol "LTX."
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