/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO
U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, May 24, 2017 /CNW/ - 3tl Technologies
Corp. (TSXV:TTM) (the "Company"), announces today
that further to its news releases dated on May 4, 2017 and May 5,
2017 concerning the share consolidation of the Company and
financing, the Company has completed the consolidation and is
proceeding with a non-brokered private placement of up to 8,333,333
units of the Company (the "Units") at $0.30 per Unit for gross proceeds of
approximately $2.5 million (the
"Offering").
Each Unit will consist of one post-consolidated common share in
the capital of the Company (a "Share") and one Share
purchase warrant (each, a "Warrant"). Each Warrant
will entitle the holder to purchase one additional
post-consolidated common share in the capital of the Company (a
"Warrant Share") at a price of $0.60 per Warrant Share for a period of five
years from the closing of the Offering.
All shares issued pursuant to the private placement will be
subject to a hold period of four months plus one day from the date
of issuance.
In connection with the Offering, certain directors of the
Company will participate in the sale of Shares held by such
directors (the "Sale"). The funds from the Sale will be used
to facilitate the directors' subscription in the Offering.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described in
this news release in the United
States. Such securities have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities
laws, and, accordingly, may not be offered or sold within
the United States, or to or for
the account or benefit of persons in the
United States or "U.S. Persons", as such term is defined in
Regulation S promulgated under the U.S. Securities Act, unless
registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration
requirements.
About 3tl Technologies Corp.
PLATFORM³ is a Software as a Service (SaaS) consumer marketing
platform. It enables Consumer Packaged Goods (CPG) companies and
consumer brands to engage shoppers through their mobile device and
influence their purchasing decisions. PLATFORM³ encompasses
proprietary consumer engagement strategies and technology modules
including optical character recognition (purchase receipt
scanning), digital promotions, purchase data mining, loyalty and
rewards. CPG companies and major retail brands use PLATFORM³
to influence and incentivize shoppers to interact with their brand
and make purchases in-store and online.
For more information, visit 3tltechcorp.com. For
additional information about the company please visit
www.sedar.com.
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Important factors - including the availability of
funds and the results of financing efforts, - that could cause
actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time to time on
SEDAR (see www.sedar.com). Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company disclaims any
intention or obligation, except to the extent required by law, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE 3tl Technologies Corp.