Labrador is committed to managing its financial commitments while focusing on its core business objectives.
Extension of Debt with
As part of the Change of Business,
Promissory Note Extension with
In conjunction with the Change of Business, Labrador executed a Promissory Note with Kasten. The terms of this Promissory Note have been extended, with the principal sum and interest now due and payable on or before
Extension of Credit Facility with
Labrador has also extended the terms of its credit facility ('Credit Facility') with
Extension of Note Payable with
Labrador is also pleased to announce the extension of a promissory note to
These extensions provide Labrador with the necessary financial flexibility to pursue its growth and expansion strategies. They demonstrate the corporation's commitment to working closely with its financial partners to manage its financial commitments effectively.
The extension of these financial terms is a positive step forward for Labrador, allowing the Corporation to navigate its financial obligations while focusing on its core operations.
Reference to Prior News Release
This announcement follows Labrador 's prior news release dated
About Labrador
Labrador is a publicly listed oil and gas issuer with approximately
Cautionary Note
Investors are cautioned that, except as disclosed in the Filing Statement prepared in connection with the Change of Business, any information released or received with respect to the Change of Business may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative.
Forward Looking Information
This news release contains statements and information that, to the extent that they are not historical fact, may constitute 'forward-looking information' within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as 'will', 'intended', and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts. Forward-looking information in this news release includes, but is not limited to, statements regarding: final TSXV acceptance of the Change of Business; the use of proceeds of the Offering; the intention of the Corporation to carry out reactivation activities on one well and drill a new horizontal well on the Atlee Buffalo Property. Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the final acceptance of the TSXV and the timing thereof and the ability of the Corporation to successfully implement its strategic plans and initiatives and whether such strategic plans and initiatives will yield the expected benefits. Although the Corporation believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Corporation can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking information will transpire or occur, or if any of them do so, what benefits the Corporation will derive therefrom. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: conditions in the oil and gas industry; the risk that the TSXV will not provide final acceptance; the ability of management to execute its business strategy, objectives and plans and the impact of general economic conditions. Please refer to the Filing Statement for additional risk factors relating to the Corporation. The Filing Statement is accessible under the Corporation's profile on www.sedar.com.
The forward-looking information included in this news release is made as of the date of this news release and the Corporation does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise, except as required by applicable law.
Contact:
CEO
Tel: (403) 818 1091
Email: kcamlioglu@icloud.com
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