CALGARY, AB – TheNewswire - November 4, 2019 – 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"). Sandy Sterne, Executor of the Estate of H. Ronald Sterne (the "Estate") announces that on October 25, 2019 the Estate acquired 3,519,588 common shares of Labrador Technologies Inc. ("Labrador) at a deemed price of $0.05 for an aggregate value of $175,979. Prior to the series of transactions, the Estate owned 31,880,274 common shares of Labrador. The Estate is now the beneficial owner and exercises control over a total of 35,399,862 common shares representing 19.89% of the issued and outstanding common shares of Labrador.

The Estate's acquisitions of the common shares were made for debt settlement and debt forgiveness purposes. The Estate has no further intentions to increase or decrease its holdings in Labrador.

 

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.

 

About Labrador Technologies

 

Labrador Technologies Inc. is a Calgary, Alberta based technology company evaluating new opportunities in the technology, oil & gas and Canadian cannabis sectors.

 

For further information, please contact:

 

Kaan Camlioglu, Interim Chief Executive Officer

T: (403) 818-1091

E: kaan@labradortechnologies.com

 

Dean Stuart

T: (403) 617-7609

E: dean@boardmarker.net

 

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.