SINGAPORE, Sept 22 (Bernama-GLOBE NEWSWIRE) — Singapore-based Claritas HealthTech Pte. Ltd. (“Claritas”) and Labrador Technologies Inc. (“Labrador”) have entered into an exclusive arm’s length software license purchase agreement dated June 28, 2020.
Pursuant to the terms of the Agreement, Labrador will issue sufficient shares such that the Proposed Transaction will constitute a Reverse Takeover (“RTO”) of Labrador under the policies of the TSX Venture Exchange (the “Exchange” or the “TSXV”). Upon the closing of the Proposed Transaction, it is expected that Labrador will continue to be a Technology Issuer on the TSXV and will be renamed as Claritas HealthTech Inc.