LAVAL, QC, May 6 /CNW Telbec/ - LAB Research Inc. (“LAB Research” or the “Company”), a Canadian-based global non-clinical contract research organization, announces the execution of the financing agreement entered into on January 31, 2008 with National Bank of Canada Health Group (“NBC”), pursuant to which NBC granted the Company a $21.1 million financing to expand its Canadian facilities. Estimated at $40 million, the expansion project will double this site’s capacity, thereby increasing its floor space from 87,000 to 170,000 square feet and the vivarium from 36 to 80 rooms. The construction phase will be completed in the fall of 2008.
