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Labrador Technologies Announces Cannaverse & Private Placement
(via TheNewswire) Calgary, Alberta / TheNewswire / July 24, 2018 - Labrador Technologi...
About this update from Labrador Resources Inc
[{"type":"text","content":"Labrador Technologies Announces Cannaverse & Private Placement(via TheNewswire)\n\n \nCalgary, Alberta / TheNewswire / July 24, 2018 - Labrador Technologies Inc. (\"Labrador\" or the \"Corporation\") (TSXV: \"LTX\") announces its steady progress into the cannabis vertical, culminating in the initiation of its Cannaverse ecosystem (\"Cannaverse\"). Cannaverse is purposed to transform the legal cannabis industry. By collecting data from a cross-section of well incented industry participants, and sanitizing the data's proprietary nature to protect its secrets, Cannaverse's artificial intelligence will derive unique, actionable insights for consumers, businesses, and medical researchers. As a result, all parties in the cannabis industry can connect through Cannaverse to glean crucial, practical intelligence, while being compensated through its innovative rewards system, which encourages and remunerates valuable data input - the greater the value, the greater the reward.\n\n\n \nAccordingly, Labrador is announcing its intention to complete a non-brokered private placement for up to a maximum of 40,000,000 units (the \"Units\") at a price of $0.05 per Unit, for aggregate gross proceeds of up to a maximum of $2,000,000 (the \"Offering\"). Each Unit will consist of one common share (\"Share\") and one common share purchase warrant (\"Warrant\"). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $0.10 for a period of two (2) years from the date of closing of the Offering. \n\n\n \nLabrador may pay a cash commission or finder's fee to qualified non-related parties of up to 9% of the gross proceeds of the Offering, and broker warrants (the \"Broker Warrants\") equal to up to 9% of the number of Units sold in the Offering. \n\n\n \nLabrador intends to use the gross proceeds of the Offering towards general working capital, including ongoing development for customized Oil & Gas financial visualization, and the development of the Cannaverse software components. Labrador has over three decades of experience managing and reporting on proprietary data, and is well positioned to aggregate, analyze, and visualize the fragmented datasets of the Cannabis industry. \n\n\n \nCompletion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The S...