SOURCE: 3 Tier Logic

3TL Logo

December 03, 2015 08:30 ET

3TL Technologies Corp. Announces Filing of Short Form Prospectus

VANCOUVER, BC--(Marketwired - December 03, 2015) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

3TL Technologies Corp. (TSX VENTURE: TTM) (the "Company"), announces that it has filed a final short form prospectus with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario in connection with an offering (the "Offering"), on a commercially reasonable efforts basis, of 20,000,000 units (the "Units"), at a price of $0.10 per Unit (the "Offering Price"), to raise estimated gross proceeds of up to $2,000,000.

Each Unit will consist of one common share and one-half of one common share purchase warrant (each a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one additional common share at a price of $0.20 per common share for a period of 24 months from the date of closing of the Offering. If the volume weighted average price of the Company's common shares exceeds $0.30 for any 20 consecutive trading days, and the shares trade on at least 10 of such trading days, the Company shall be entitled to accelerate the expiry of the Warrants to a date that is 30 days following notice of such acceleration.

Global Securities Corporation (the "Agent") has agreed to act as agent in connection with the Offering. The Company has granted the Agent an over-allotment option exercisable for a period of 30 days following the Closing to issue such number of additional Units of the Company equal to 15% of the Units sold under the Offering at the Offering Price.

The Offering is expected to close on or about December 17, 2015 or such other date as agreed to by the Company and the Agent. Completion of the Offering is subject to certain customary conditions including, but not limited to, the receipt of all necessary approvals including the approval of the applicable provincial securities regulators and the TSX Venture Exchange.

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 Snap3 (purchase receipt scanning), digital promotions, purchase data mining, loyalty and rewards. CPG companies and 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.

Cautionary Statement Regarding "Forward-Looking" Information

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws such as the proposed completion of the Offering. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • For further information, please contact:

    3TL Technologies Corp.
    Robert Craig
    Chief Executive Officer
    (604) 639-5441
    rcraig@3tierlogic.com

    3TL TECHNOLOGIES CORP.
    422 Richards St., Suite 160
    Vancouver, British Columbia V6B 2Z4
    Tel: 604 639-5442