Article: First Labrador Acquisitions Inc. - Alberta Stock Exchange Approves Major Transaction.

GOOSE BAY, LABRADOR--(BUSINESS WIRE)--Sept. 19, 1997--First Labrador (Alberta Stock Exchange:FLI.) First Labrador Acquisitions Inc. (the "Corporation") is pleased to announce that the Alberta Stock Exchange has conditionally approved the acquisition of all of the shares of First Labrador Resources Ltd. (a private Newfoundland Corporation). The acquisition shall constitute the Corporation's Major Transaction as contemplated by the Alberta Securities Commission Policy 4.11. The completion of the sale is subject to approval of the shareholders of the Corporation at a meeting to be held on October 20, 1997. The acquisition price will be up to $605,000 payable by the ...

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