Tickers: XTSX:LTX
Tags: Medicinal Marijuana, Mining
/ TheNewswire / June 9, 2017 - H. Ronald Sterne, a shareholder and officer of Labrador Technologies Inc. ("Labrador" or the "Company") (TSX Venture: LTX) announces that he now owns, 9,151,118 common shares of the Company, representing 8.1% of the issued and outstanding common shares of Labrador.
Mr. Sterne sold a total of 5,628,778 common shares of Labrador with proceeds of $28,144 through on-market sales on the TSX Venture Exchange. Immediately prior to the completion of the transactions, Mr. Sterne owned 14,779,896 shares of Labrador, representing 13% of the issued and outstanding common shares of the Company.
The disposition by Mr. Sterne of the common shares of Labrador was achieved to assist in bridge-financing the Company. Mr. Sterne may increase or reduce the investment in the Company according to market conditions or other relevant factors.
For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws, please see the Company's profile on the SEDAR website www.sedar.com.
For further information, please contact:
H. Ronald Sterne
President and Chief Executive Officer
Labrador Technologies Inc.
Telephone: (403) 263-6325
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information regarding Labrador set forth in this news release 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.
(Not for dissemination in the United States of America)
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