Btltm Announces Non-Brokered Private Placement FOR up to $8 Million of Equity Units
BTLTM ANNOUNCES NON-BROKERED PRIVATE
PLACEMENT FOR UP TO $8 MILLION OF EQUITY UNITS
For Immediate Release
Vancouver, Canada / London, UK November 1, 2017
BTL GROUP LTD. (TSX Venture: BTL) (“BTL”) announces a proposed non-brokered private
placement of up to 1,632,653 equity units of BTL (“Equity Units”) at a price of CAD$4.90 per
Equity Unit for gross proceeds of up to CAD$8,000,000 (the “Private Placement”).
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 12 months from the date of
issuance of the Warrant, at an exercise price of CAD$7.00 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 final
development of InterbitTM, BTL’s proprietary third generation 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 BTLTM AND INTERBITTM
Listed on the TSX Venture Exchange (TSX Venture: BTL) and operating from both Canada and
the UK, BTL is an enterprise technology platform provider that is developing Interbit, a proprie-
tary third generation blockchain platform. Via Interbit, BTL can help companies greatly reduce
risks and costs by securely streamlining existing IT infrastructures. BTL has successfully
demonstrated how Interbit can innovate and transform existing business processes for leading
companies in the finance, energy and gaming sectors.
Interbit is a fast, private, and scalable inter-connected blockchain platform. Via its suite of APIs
and smart contracts, Interbit allows businesses around the world to improve efficiency in trading
and operations, accelerate development of internal systems, and embrace new revenue gener-
ating opportunities, while providing the high levels of security, resilience and auditability required
in regulated enterprise environments.
TM
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With offices in Vancouver and Calgary, Canada and London, UK, BTL is positioning itself as a
front-runner in the blockchain ecosystem, partnering with and enabling enterprises on Interbit in
order to improve their existing IT systems.
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]
Dominic McCann, CEO
Phone: +1 855 256 5246
Email: [email protected]
Rupert Williams
Smaller Company Capital Ltd
4 Lombard Street, London EC3V 9HD
Phone: +44 (0) 20 3651 2911
Mob: +44 (0) 7717 578865
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.
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(Not for dissemination in the United States of America)