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Fiber producer Kraig Biocraft Labs to close out US$8.0M convertible debenture with Yorkville Advisors, with US$4.5M in liquid assets, remaining debt balance of US$150,000; financing used to fund Vietnam facility, US-based R&D center, third-party scaling

KRAIG BIOCRAFT LABORATORIES, INC - 10-Q - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Kraig Biocraft Labs contracts Jeff Dorton--VP of product development and material innovation at LifeLabs Design--to assist in developing new Dragon Silk composite yarns, fabrics; textiles based on spider silk to be supplied to JV apparel brand Spydasilk

Biobased fiber producer Kraig Biocraft Labs receives business license to begin operations in Lam Dong Province, the center of Vietnam's silk production; region provides company local access to 47 unique species of silkworms, multiple mulberry varieties

Biobased fiber producer Kraig Biocraft Labs publishes video showing R&D, quality control processes for creating recombinant spider silk; video shows company's US and Vietnam facilities for 'cost-effective,' 'eco-responsible' silk for biomedical use

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