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Monday, January 24, 2011

Lab Research operating credit facility extended, (TSE: LRI)

Canada's Lab Research Inc (LRI.TO) said its operating credit facility has been extended to Jan 31 by its main Canadian lender. Quebec-based global non-clinical contract research organization added that it will continue to review all strategic alternatives. In October, the company said alternatives included financing, a recapitalization, strategic partnering or even a merger or sale of all or part of the assets of the company.

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