LoadLibrary() can fail for a lot of reasons, the most likely being that it can't find the DLL you specify or one of its dependencies. Specifically if you just specify the DLL name as in your example, that DLL can only reside in a few specific locations on your system in order for the Windows LoadLibrary() functions to find it.
Those locations are among others:
1) The application directory (if you run your VI in the LabVIEW IDE it is the directory where your LabVIEW.exe is, e.g. C:\Program Files\National Instruments\LabVIEW 2016)
2) The Windows directory
3) The System directory
4) any directory that is listed in your PATH environment variable
If you do not want to put your DLL in any of these places you have to determine its path somehow at runtime and pass the entire path to LoadLibrary().