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.
