Btl Group Announces Increase of Proposed Private Placement to up to 1,150,000 Equity Units
BTL GROUP ANNOUNCES INCREASE OF PROPOSED
PRIVATE PLACEMENT TO UP TO 1,150,000 EQUITY
UNITS
For Immediate Release
Vancouver, Canada / London, UK March 23, 2017
BTL GROUP LTD. (TSX Venture: BTL) (“BTL”) is pleased to announce that due to strong
demand, it intends to increase the size of its recently announced proposed non-brokered private
placement (the “Private Placement”) to up to CAD$3,105,000 worth of equity units of BTL (the
“Equity Units”), in order to fill such demand. BTL announced in its March 22, 2017 press
release that it proposed to undertake a private placement of Equity Units at CAD$2.70 per
Equity Unit. Pursuant to the Private Placement, up to 1,150,000 Equity Units may now be
issued.
Each Equity Unit will be comprised of one (1) common share of BTL and one-half of one (1/2)
common share purchase warrant of BTL (a “Warrant”). Each whole Warrant will entitle the
holder to acquire one (1) common share of BTL for a period of 24 months from the date of
issuance of the Warrant, at an exercise price of CAD$3.25 per share.
The Private Placement is subject to the approval of the TSX Venture Exchange. The securities
issued in connection with the Private Placement will be subject to a four-month hold period, in
accordance with applicable securities laws.
BTL intends to use the proceeds from the Private Placement in connection with acceleration of
the development of Interbit, BTL’s proprietary blockchain platform and towards general and
administrative expenses.
BTL may pay a commission or finder's fee to eligible parties in connection with the Private
Placement, subject to the approval of the TSX Venture Exchange and compliance with
applicable securities laws.
ABOUT BTL GROUP LTD.
Operating from both Canada and the UK, BTL offers blockchain solutions to businesses across
multiple industries, in particular the finance, energy and gaming sectors. BTL has built
prototypes that showcase the capabilities of its Interbit platform, a proprietary blockchain based
interbank payment network and settlement and asset trading solution.
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Interbit is an open, multi-chain, asset settlement platform with a suite of APIs and smart
contracts that allow businesses from across the world to provide global access to fast, secure,
and auditable financial and asset trading services.
With offices in Vancouver and Calgary, Canada and London, United Kingdom, BTL is position-
ing itself as a front-runner in the blockchain ecosystem, providing advice and knowledge to in-
dustry leaders.
Website: www.btl.co
Twitter: https://twitter.com/blockchainltd
For further information please contact:
Angus Campbell, Inquiries
Phone: +44 (0) 20 7100 0850
Email: [email protected]
Guy Halford-Thompson, CEO
Phone: +1 855 256 5246
Email: [email protected]
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed
Private Placement and has neither approved nor disapproved the contents of this press
release.
Certain statements in this release are forward-looking statements, which include completion of
the proposed Private Placement, the anticipated use of the proceeds of the Private Placement,
the development and launch of BTL’s technologies and products, and other matters. Forward-
looking statements consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the future. Such information can
generally be identified by the use of forwarding-looking wording such as “may”, “expect”,
“estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar
variations. Readers are cautioned not to place undue reliance on forward-looking statements, as
there can be no assurance that the plans, intentions or expectations upon which they are based
will occur. By their nature, forward-looking statements involve numerous assumptions, known
and unknown risks and uncertainties, both general and specific, that contribute to the possibility
that the predictions, estimates, forecasts, projections and other forward-looking statements will
not occur. These assumptions, risks and uncertainties include, among other things, the state of
the economy in general and capital markets in particular, the development of competitive
technologies, the marketplace acceptance of BTL’s technologies and products, and other
factors, many of which are beyond the control of BTL. Forward-looking statements contained in
this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this
press release. Except as required by law, BTL disclaims any intention and assumes no
obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Additionally, BTL undertakes no obligation to comment
on the expectations of, or statements made by, third parties in respect of the matters discussed
above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
(Not for dissemination in the United States of America)