(TheNewswire)
Calgary, Alberta / TheNewswire / March 26, 2018 – Labrador Technologies
Inc. ("Labrador" or the "Corporation") (TSXV: “LTX”) announces the granting of incentive stock options
under the Corporation's current stock option plan to Ms. Kelby Price, Vice President of Corporate Development, to acquire up to
820,000 common shares of the Corporation. The exercise price of the options is five cents, with the options vesting immediately.
The stock options granted will have a n expiry date of March 23,
2023.
“I am encouraged by the recent senate vote result of Bill C-45, which brings cannabis legalization
one step further”, states Kelby Price. “Our goal is to use our Initial Token Offering (ITO) to create a new cannabis
community, utilizing cannabis data, tokens, and our software. It is the quality of cannabis data that will be so critical to
the flourishing of this new industry, and Labrador has been working with big data since 1981.”
Any ITO to be completed by the Corporation is subject to receipt of applicable regulatory
approvals.
This stock option grant remains subject to TSX Venture Exchange approval.
About Labrador Technologies
Labrador Technologies is a Calgary, Alberta based software development firm providing map-based solutions for
industries seeking a visual interpretation of financial reporting.
For more information contact:
Kelby Price
T: 403-613-2511
E: info@labradortechnologies.com
Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking and Cautionary Statements
This news release contains forward-looking statements relating to successful formation, financing
and regulatory approval of an ITO. These forward-looking statements may include opinions, assumptions, estimates and management’s
assessment of future plans and operations. Forward-looking statements typically use words such as “will,” “anticipate,”
“believe,” “estimate,” “expect,” “intend,” “may,” “project,” “should,” “plan,” and similar expressions suggesting future outcomes,
and include statements that actions, events or conditions “may,” “would,” “could,” or “will” be taken or occur in the future.
The forward-looking statements are based on various assumptions including expectations regarding the nature and successful
completion of an ITO; the ability to obtain regulatory approvals (including stock exchange approvals, as applicable) to complete an
ITO; market for the tokens and underlying products and/or services; negotiation of agreements with Bacancy and other partners on
favourable terms; timing and terms of legalization and provincial regulation of the cannabis industry; adaptability of our
technology to meet cannabis industry-specific needs; the outlook for the cannabis industry in general; estimated amounts and timing
of capital expenditures; assumptions concerning the timing of regulatory approvals; the state of the economy; results of
operations; business prospects and opportunities; future exchange and interest rates; the Corporation’s ability to
obtain personnel in a timely manner to carry out the ITO and related activities; and the ability of the Corporation to access
capital and credit. While the Corporation considers these assumptions to be reasonable based on information currently available to
it, they may prove to be incorrect.
Forward-looking statements are subject to a wide range of assumptions, known and unknown risks and
uncertainties and other factors that contribute to the possibility that the predicted outcome will not occur. Although
Labrador believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance
that such expectations will be realized. As a consequence, actual results may differ materially from those anticipated in the
forward-looking statements and you should not rely unduly on forward-looking statements. The forward-looking statements
contained in this news release are made as of the date of this news release. Except as required by applicable law, Labrador
does not undertake any obligation to publicly update or revise any forward-looking statements.
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