Core One Labs Inc C.COOL

RE:LDS in the market doing small US side only Private Placement

[Stranius]

I received some colour from Management on this US side private placement. Management indicated to me that the reason for this US side raise was to accommodate a group of US investors that were precluded from participating in the Canaccord PP that closed on May 31 due to administrative delays related to US investors.

There is nothing nefarious about this raise is my takeaway and they are not shopping this deal to new investors. All participants in this US side raise were already known before this deal was launched and, in fact, this financing is closing today, June 16. We should be back to news flow next week and management has provided assurance to me that the COO will be issued this month (after a small technical glitch with laying the floor in the Adelanto facility) with calibration of equipment to follow immediately thereafter. One of the key pieces of manufacturing equipment has already undergone calibration over the last two weeks.

~S

Stranius wrote: LDS (quietly) disclosed through it's US side filing on EDGAR that it is in the market doing a small private placement for US investors only. Pricing is the same as the Canaccord PP that closed on May 31, 2017.