/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO
U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, Nov. 21, 2017 /CNW/ - 3TL Technologies
Corp. (TSXV:TTM) (the "Company"), announces that it
has closed a non-brokered private placement of 11,211,834 units of
the Company (the "Units") at $0.105 per Unit for gross proceeds of
$1,177,242.57 (the
"Offering").
Each Unit consists of one common share in the capital of the
Company (a "Share") and one-half of a share purchase warrant
(each whole warrant, a "Warrant"). Each Warrant will
entitle the holder to purchase one additional common share in the
capital of the Company (a "Warrant Share") at a price of
$0.20 per Warrant Share for a period
of two years from the closing of the Offering.
The Company will be entitled to accelerate the expiry date of
the Warrants to the date that is 30 days following the date a news
release is issued announcing the accelerated expiry date in the
event that the volume weighted average price of the Shares has been
greater than $0.40 for any ten
consecutive trading days after four months and one day after
closing of the Offering.
The Company has paid eligible finders a cash commission in the
aggregate amount of $41,754.49 on the
Offering within the amount permitted by the policies of the TSX
Venture Exchange (the "Exchange"). In addition, 203,000
Shares were issued to an eligible finder and 553,995
non-transferable finder's warrants were issued to eligible finders
to purchase an aggregate of 553,995 units of the Company (the
"Finder's Units"), each Finder's Unit consists of one common
share in the capital of the Company (a "Share") and one-half
of a share purchase warrant (each whole warrant, a
"Warrant"). Each Warrant will entitle the holder to
purchase one additional common share in the capital of the Company
(a "Warrant Share") at a price of $0.20 per Warrant Share for a period of two years
from the closing of the Offering.
All securities issued in connection with the Offering will be
subject to a statutory hold period of four months plus a day from
the date of issuance in accordance with applicable securities
legislation. The net proceeds of the Offering will be used to
fund the Company's sales, marketing, and research and development
activities and for general working capital purposes.
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.
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.