CALGARY, AB / TheNewswire / February 9, 2018 - This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues (the "NI 62-103"). H. Ronald Sterne, President and Chief Executive Officer of Labrador Technologies Inc. ("Labrador") announces that on September 21, 2017 he acquired 29,082,104 common shares at a deemed price of $0.05 for an aggregate value of $1,454,105. Further, on January 9, 2018, Mr. Sterne was issued 2,000,000 options, half of which vested immediately, with a five year term and an exercise price of $0.06. In addition, on February 6, 2018, Mr. Sterne acquired a total of 150,000 common shares at a price of $0.04 on the open market through the facilities of the TSX Venture Exchange, for an aggregate value of $6,000. On February 9, 2018, Mr. Sterne directly acquired 2,648,170 common shares ("Shares") of Labrador, pursuant to a debt settlement agreement, for an aggregate value of $132,408.52. Prior to the series of transactions, Mr. Sterne owned no common shares of Labrador. He is now the beneficial owner and exercises control over a total of 32,880,274 common shares representing 19.43% of the issued and outstanding common shares.
Mr. Sterne's acquisitions of the Common Shares were made for investment purposes and Mr. Sterne intends to increase or decrease his holdings in the Issuer depending on market conditions and as circumstances warrant.
The common shares of Labrador are listed on the TSX Venture Exchange under the symbol "LTX".
A copy of the early warning report filed pursuant to NI 62-103 may be obtained on www.sedar.com or by contacting Mr. Sterne.
For further information, please contact: H. Ronald Sterne, Chief Executive Officer, Labrador Technologies Inc., Tel: (403) 263-6325, email: firstname.lastname@example.org