Labrador Technologies News

LTI Announces Appointments of Directors and Officers

Wed, 22 Feb 2012 14:09:05 GMT

LTI Announces Appointments of Directors and Officers

February 22, 2012 - Calgary, Alberta - Labrador Technologies Inc. (TSX Venture: LTX) ("Labrador" or the "Company") announced today that Mr. John Redfern has been appointed to the Board of Directors and named as Non-Executive Chairman of the Board. Mr. Redfern received a Bachelor of Science (Engineering Physics) from Queen’s University; a LL.B. and B.C.L. Degree from McGill University Law School, and a MBA from INSEAD.

John has had a long track record in the energy data and software niche, having previously been President of AccuMap, QC Data’s Petroleum Services, and IHS Energy Inc., as well as a founder and Chairman of Common Data Access Limited. In addition, John has been involved in the tech sector in California and China and has direct oil industry experience in Canada and the UK (most recently as Director of Operations & Trading at Amerada Hess Gas in London). Currently, John is a co-founder and Chairman of Digital Earth, an oil & gas data management consultancy and resides in Shenzhen, China.

The Company is also pleased to announce that Mr. Robert Winsloe has been appointed as Vice President, International Marketing. Mr. Winsloe’s thirty year career in the oil and gas industry began with Schlumberger in Indonesia and Australia before he joined the sales team in IBM’s UK-based petroleum group. He moved from there to manage the European, African and Middle Eastern marketing and business development operation for Landmark. Prior to co-founding Digital Earth Inc, Robert was Managing Director for IHS Energy’s International Division.

Said Ron Sterne, Labrador President and CEO, “With the recent release of eTriever® iPad™ = eTriever® Desktop and the official launch of our ‘Mobile Office’ campaign, the Company has actively sought prominent Oil & Gas Professionals who can help take us to the next level. Our software is data generic and has been developed to be componentized and “shaped” for a broad spectrum of initiatives, both local and International. Thus, the Company is delighted to have attracted the proven International skill-sets of John and Robert to help us achieve the breakthrough which is long-overdue.”

Further, the Company is pleased to announce that Mr. Neil Bothwell has been appointed as the Company's Chief Financial Officer. Mr. Bothwell is the co-founder and Managing Director of Risk Oversight Inc., a specialized firm that offers risk management and internal audit expert services, and was previously Chief Financial Officer of GASFRAC Energy Services Inc. As well, Neil has had a broad range of experience including being a "Big 4" Audit Manager, and consulting with more than 30 publicly listed companies in the areas of risk management, corporate reporting, treasury operations, internal controls, and business advisory services.

In connection with the foregoing appointments, Mr. Jeff Howe has resigned as Chief Financial Officer and Mr. Bothwell has resigned as a director. Mr. Howe will continue as a director of the Company. The Directors thank Messers. Howe and Bothwell for their continuing valuable contributions to the Company.

Labrador® eTriever is a secure, web-based, generic data retriever, which thrives in complex database environments such as the Oil & Gas industry. eTriever® goes well beyond conventional methods of oil and gas data retrieval to provide wireless data access using such devices as the BlackBerry™, the iPhone™, and the iPad™ to create a ‘mobile office’.

For further information, please contact:
Ronald Sterne
President and Chief Executive Officer
Labrador Technologies Inc.
Telephone: (403) 263-6325
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

(Not for dissemination in the United States of America)

Labrador Technologies Inc. Announces Closing Of Oversubscribed Private Placement

Tue, 30 Aug 2011 09:00:47 GMT

Labrador Technologies Inc. Announces Closing Of Oversubscribed Private Placement

August 29, 2011 - Calgary, Alberta

Labrador Technologies Inc. ("LTI" or "Labrador" – TSX Venture: LTX) is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") originally announced August 18, 2011. The Private Placement was oversubscribed, with LTI raising gross aggregate proceeds totaling $1,015,000 by issuing 20,300,000 units of Labrador ("Units"), at a price of $0.05 per Unit. Each Unit consists of one (1) common share ("Common Share") of LTI, and one (1) common share purchase warrant ("Warrant"), with each Warrant exercisable at a price of $0.10 per Common Share, for a period of three (3) years following the closing of the Private Placement (the "Offering").

No agent was retained in connection with the Private Placement, but LTI paid finder's fees in the amount of $101,500 and issued finder's warrants ("Finder's Warrants") totaling 2,030,000 Warrants to qualified persons in accordance with applicable securities laws. Each Finder's Warrant is exercisable into one Common Share at a price of $0.10 per share for a period of three (3) years from the closing of the Offering.

"The response to this financing has been unprecedented for the Company”, said CEO, Ron Sterne. “Although we are disappointed that all potential investors could not be included, we know that ongoing progress and proven results will continue to earn investor interest in LTI.”

All securities issued under the Offering are subject to a hold period until December 27, 2011. The proceeds of the Offering will be used for expanding eTriever’s market launch into all sectors of the Oil & Gas industry, for increasing and broadening eTriever R&D, for further enhancing the Labrador® Tools, and for general working capital. This eTriever® deployment phase will be bolstered by LTI’s logical growth and extension with its partners into eTriever accessing data from proprietary databases, a stronghold of Labrador expertise powered by the Labrador® Tools.

Labrador® eTriever is a secure, web-based, generic data retriever, which thrives in complex database environments such as the Oil & Gas industry. eTriever™ goes well beyond conventional methods of oil and gas data retrieval to provide wireless data access using such devices as the BlackBerry™, the iPhone™, and the iPad™.

For further information, please contact:

Ronald Sterne
President and Chief Executive Officer
Labrador Technologies Inc.
Telephone: (403) 263-6325

Advisory

Certain information regarding Labrador set forth in this news release, including the use of proceeds of the Offering may constitute forward-looking statements under applicable securities laws and necessarily involve substantial known and unknown risks and uncertainties.

The forward-looking statements contained in this document are made as at the date of this news release and Labrador does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(Not for dissemination in the United States of America)

Labrador Technologies Inc. Announces Private Placement Financing

Thu, 18 Aug 2011 15:00:00 GMT

Labrador Technologies Inc. Announces Private Placement Financing

August 18, 2011

Labrador Technologies Inc. ("LTI" or "Labrador" - TSX Venture: LTX) is pleased to announce a non-brokered private placement of up to 20,000,000 units of Labrador ("Units"), at a price of $0.05 per Unit, for gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of one (1) common share in the capital of LTI ("Common Share"), and one (1) common share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to purchase one (1) common share in the capital of the Corporation (a "Warrant Share") at a price of $0.10 per Warrant Share for a period of three (3) years following the closing of the Offering.

The proceeds of the Offering will be used for expanding eTriever’s market launch into all sectors of the Oil & Gas industry, for increasing and broadening eTriever R&D, for further enhancing the Labrador® Tools, and for general working capital. This eTriever® deployment phase will be bolstered by LTI’s logical growth and extension with its partners into eTriever accessing data from proprietary databases, a stronghold of Labrador expertise powered by the Labrador® Tools.

The Offering is subject to receipt of all necessary regulatory approvals. The securities issued pursuant to the Offering will be subject to a four (4) month hold period from the date of the closing of the Offering. The Offering is being undertaken on a non-brokered basis; however, LTI may pay a cash finders' fee of up to ten percent (10%) on the gross proceeds raised pursuant to the Offering and issue finders' warrants ("Finders' Warrants") equal to ten percent (10%) of the number of Units issued pursuant to the Offering to eligible persons in accordance with applicable laws. Each Finders Warrant will be exercisable into one (1) Common Share at a price of $0.10 for a period of three (3) years following the closing of the Offering.

Labrador eTriever is a secure, web-based, generic data retriever, which thrives in complex database environments such as the Oil & Gas industry. eTriever goes well beyond conventional methods of oil and gas data retrieval to provide wireless data access using such devices as the BlackBerry™, the iPhone™, the iPad™ and other Tablets.

For further information, please contact:

Ronald Sterne
President and Chief Executive Officer
Labrador Technologies Inc.
Telephone: (403) 263-6325

Advisory

Certain information regarding Labrador set forth in this news release, including the closing of the Offering, the use of proceeds of the Offering may constitute forward-looking statements under applicable securities laws and necessarily involve substantial known and unknown risks and uncertainties.

(Not for dissemination in the United States of America)

LABRADOR TECHNOLOGIES INC. ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS

Fri, 06 May 2011 16:10:28 GMT

LABRADOR TECHNOLOGIES INC. ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS

May 6, 2011

Labrador Technologies Inc. (“LTI” or “Labrador” - TSX Venture: LTX) announces that pursuant to the terms and conditions of its Stock Option Plan, it has granted, in the aggregate, 3,460,000 incentive stock options to purchase Common Shares of Labrador (the "Options"), to certain of its Directors, Officers, Employees and Consultants. The Options are exercisable over a three year period at an exercise price of $0.10 per share, with 33.3% vesting immediately, 33.3% in one year, and the final 33.3% vesting in two years. Following the grant of the Options, LTI will have 802,613 options available for issuance pursuant to its Stock Option Plan.

For further information, please contact:

Ronald Sterne
President
Labrador Technologies Inc.
Telephone: (403) 263-6325

Advisory
Certain information regarding Labrador set forth in this news release, including the closing of the Increased Offering, the use of proceeds of the Offering may constitute forward-looking statements under applicable securities laws and necessarily involve substantial known and unknown risks and uncertainties. The forward-looking statements contained in this document are made as at the date of this news release and Labrador does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

(Not for dissemination in the United States of America)

New appointment of Corporate Secretary and Officer of Labrador

Thu, 07 Apr 2011 13:41:44 GMT

New appointment of Corporate Secretary and Officer of Labrador

April 7, 2011 - Calgary, Alberta

Labrador is pleased to announce the appointment of Douglas McCartney as its Corporate Secretary and Officer.

Mr. McCartney was admitted to the Law Society of Alberta in 1999, having graduated from the University of Saskatchewan’s Law School in 1998. He joined Burstall Winger LLP where he is now a Partner and practices in the areas of securities and commercial law.

Doug acts for underwriters and issuers in various types of financings, mergers, and acquisitions as well as in restructuring and refinancing transactions. In addition, he is a director or officer of several publicly traded companies.

For further information, please contact:

Ronald Sterne
President
Labrador Technologies Inc.
Telephone: (403) 263-6325

New appointment to Labrador’s Board of Directors

Thu, 07 Apr 2011 13:38:27 GMT

New appointment to Labrador’s Board of Directors

April 7, 2011 - Calgary, Alberta

Labrador is pleased to announce the appointment of Neil Bothwell to its Board of Directors.

Mr. Bothwell received a Bachelor of Commerce (Honours) from Queen’s University (Kingston) in 1995. He successfully completed his CA designation in 1998, and was awarded a Silver Medal for achieving the 2nd highest mark in Alberta.

Neil was CFO of GASFRAC Energy Services Inc. during its meteoric rise and completed substantial equity and debt financings for the company. As well, he has had a broad range of experience including being a “Big 4” Audit Manager, and consulting with more than 30 publically listed companies in the areas of risk management, corporate reporting, treasury operations, internal controls and business advisory services.

Currently, Neil is co-founder and Managing Director of Risk Oversight Inc., a specialized firm that offers risk management and internal audit expert services.

For further information, please contact:

Ronald Sterne
President
Labrador Technologies Inc.
Telephone: (403) 263-6325

Labrador Technologies Inc. Announces Final Closing of Fully Subscribed Private Placement

Wed, 30 Mar 2011 10:12:38 GMT

Labrador Technologies Inc. Announces Final Closing of Fully Subscribed Private Placement

March 29 - Calgary, Alberta

Labrador Technologies Inc. (“LTI” or “Labrador” – TSX Venture: LTX) is pleased to announce the closing of the third and final tranche of its previously announced private placement (the “Offering”) for up to 15,000,000 common shares of Labrador (“Common Shares”), at a price of $0.05 per Common Share, for proceeds of up to $750,000. The Offering was fully subscribed and Labrador raised total gross proceeds of $750,000 under the Offering.

The third tranche consisted of 2,500,000 Common Shares for gross proceeds of $125,000. The proceeds from the Offering will be used for expanding the current successful eTriever market launch (please see Press Release: http://press.ihs.com/press-release/energy- power/new-etriever-release-enables-fast-mobile-access-ihs-canadian-energy-data ) into all sectors of the Oil & Gas industry, for increasing and broadening eTriever R&D, and for general working capital. This critical eTriever deployment phase will be bolstered significantly by LTI’s logical growth and extension with its partners into accessing data from proprietary databases, a stronghold of Labrador expertise.

In connection with the closing of the third tranche, an arm's length party was paid a cash commission of $5,000 and received 100,000 Common Shares in lieu of cash commission. All securities issued under the closing of the third tranche of the Offering are subject to a statutory hold period until July 30, 2011. The Offering is subject to receipt of all necessary regulatory approvals.

For further information, please contact:

Ronald Sterne
President
Labrador Technologies Inc.
Telephone: (403) 263-6325

New eTriever Release Enables Fast, Mobile Access to IHS Canadian Energy Data

Tue, 22 Mar 2011 14:48:33 GMT

News Release

Contact:
Melissa Manning
+1 713 369-0297
Melissa.manning@ihs.com

New eTriever Release Enables Fast, Mobile Access to IHS Canadian Energy Data

Low-cost tool delivers reports for wells, pressures, and land, pipeline and facility data for reconnaissance, planning and trouble shooting

CALGARY, Alberta (March 22, 2011) – IHS (NYSE: IHS), in conjunction with Labrador Technologies Inc. (LTI; trades on the TSX Venture Exchange as LTX), a Calgary-based software provider, has released its newest version of eTriever™, a Web-based application that enables users fast and effective mobile access to the most current IHS Canadian exploration and production (E&P) data and a host of critical reporting capabilities.

Those reports include hydrogen sulfide (H2S) analysis, mud density, drilling incidents, surface casing and pressure reporting, along with other well and production, land pipeline and facility data exports. Using these reports, companies can evaluate surrounding wells and plan their drilling program accordingly. In addition, eTriever has a direct export to IHS PETRA®, which enables a complete analysis solution for customers working or exploring the Canadian basins.

“The eTriever browser gives customers the flexibility to access IHS Canadian E&P, land and pipeline data through any Internet-connected computer, or through their mobile smart phone or tablet devices,” said Carl Garrison, vice president of IHS-Canada. “Essentially, eTriever makes their office portable so they can access information, monitor drilling activity, and make business decisions quickly. In addition to the robust data coverage our customers expect, we’ve also included some new reports that are critical to trouble shooting and managing wells and pipelines. No other information provider delivers this data access and reporting on such a large scale, and we are excited to be able to offer it to the industry.”

“This offering also makes access to our information and reports more attractive for individual consultants and smaller, start-up companies,” said Aaron Cossette, product manager for eTriever at IHS. “Since users are connecting directly to the IHS Information Hub, they access the most current data without requiring a local data store or potentially costly IT support. And instead of paying for information on a per-report basis, they have unlimited access to the highest quality information in the industry.”

According to Cossette, the mobile access offered by eTriever is particularly useful for service company workers and executives who may be working remotely in the field or a board room, since it enables them to monitor activity trends, prepare business development plans and formulate bids, as well as develop detailed drilling programs and address drilling and environmental compliance issues.

“Customers can view their wells in a map and can monitor and track fluid production. Along with well and production information, they can access critical data such as pressure, H2S and completion information. Then, they can export that data to other applications such as Microsoft Excel for further analysis. The great thing about eTriever,” he said, “is it allows for an unlimited number of exports or reports at no extra cost, since it is subscription based. This way, clients can be sure they are getting the most accurate picture possible based on the quantity and quality of the information.” “We are excited to be delivering this powerful solution with IHS, which is known for its robust E&P data quality and coverage,” said Ron Sterne, chief executive officer of LTI. “We have built eTriever to access a wide variety of information, including the diverse datasets that oil and gas professionals require. With IHS, we look forward to providing Canadian oil and gas customers with the best combination of critical information and mobile data browsing.”

For more information on eTriever, please contact sales.energy@ihs.com. To speak with Carl Garrison or Aaron Cossette, please contact melissa.manning@ihs.com, or press@ihs.com.

###

About IHS (www.ihs.com) IHS Inc. IHS (NYSE: IHS) is a leading source of information and insight in pivotal areas that shape today’s business landscape: energy, economics, geopolitical risk, sustainability and supply chain management. Businesses and governments around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 4,400 people in more than 30 countries around the world.

About Labrador Technologies (www.labradortechnologies.com) Labrador Technologies Inc. is in its 31st year of providing optimized connections between the data stores that companies invest in and Labrador’s application software. Labrador eTriever™ (www.etriever.com) is a secure, web-based, generic data browser, which thrives in complex database environments, including the Oil and Gas Industry. eTriever™ employs proven web-mapping services to view satellite imagery, roads and culture data, and goes beyond conventional oil and gas web access to afford wireless data retrieval for popular hand-held devices such as the BlackBerry™, the iPhone™ and the iPad™. Labrador (www.labradortechnologies.com) trades on the TSX Venture Exchange under the symbol “LTX.” Neither TSX Venture Exchange nor its Regulation Services Provider as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Labrador Technologies Inc. Announces Closing of First Tranche of Private Placement

Mon, 28 Feb 2011 12:43:38 GMT

Labrador Technologies Inc. Announces Closing of First Tranche of Private Placement

February 28, 2011 - Calgary, Alberta

Labrador Technologies Inc. (“LTI” or “Labrador” - TSX Venture: LTX) is pleased to announce closing of the first tranche of its previously announced private placement (the “Offering”) for up to 15,000,000 common shares of Labrador (“Common Shares”), at a price of $0.05 per Common Share, for proceeds of up to $750,000.

The first tranche consisted of 3,000,000 Common Shares for gross proceeds of $150,000. The proceeds from the closing of the first tranche will be used for expanding the current successful eTriever market launch into all sectors of the Oil & Gas industry, for increasing and broadening eTriever R&D, and for general working capital. This critical eTriever deployment phase will be bolstered significantly by LTI’s logical growth and extension with its partners into accessing data from proprietary databases, a stronghold of Labrador expertise.

In connection with the closing of the first tranche, an arm's length party was paid a cash commission of $6,000 and received 120,000 Common Shares in lieu of cash commission. All securities issued under the closing of the first tranche of the Offering are subject to a statutory hold period until June 26, 2011. The Offering is subject to receipt of all necessary regulatory approvals.

For further information, please contact:

Ronald Sterne
President
Labrador Technologies Inc.
Telephone: (403) 263-6325

(Not for dissemination in the United States of America)

Labrador Technologies Inc. Announces Private Placement Financing

Fri, 25 Feb 2011 13:59:30 GMT

Labrador Technologies Inc. Announces Private Placement Financing

February 22, 2011 - Calgary, Alberta

Labrador Technologies Inc. (“LTI” or “Labrador” - TSX Venture: LTX) announces a non-brokered private placement (the “Offering”) for up to 15,000,000 common shares of Labrador (“Common Shares”), at a price of $0.05 per Common Share, for proceeds of up to $750,000.

The proceeds of the Offering will be used for expanding the current successful eTriever market launch into all sectors of the Oil & Gas industry, for increasing and broadening eTriever R&D, and for general working capital. This critical eTriever deployment phase will be bolstered significantly by LTI’s logical growth and extension with its partners into accessing data from proprietary databases, a stronghold of Labrador expertise.

The Offering is subject to receipt of all necessary regulatory approvals. The securities issued pursuant to the Offering will be subject to a four month hold period from the date of the closing of the Offering. The Offering is being undertaken on a non-brokered basis; however, LTI may pay a cash finder's fee of 8% to qualified persons pursuant to available securities laws exemptions.

The Private Placement is subject to regulatory approval of the TSX Venture Exchange Inc. Labrador (www.labradortechnologies.com) trades on the TSX Venture under the symbol “LTX.”

For further information, please contact:

Ronald Sterne
President
Labrador Technologies Inc.
Telephone: (403) 263-6325

(Not for dissemination in the United States of America)