SOURCE: 3 Tier Logic

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December 14, 2016 18:45 ET

3tl Technologies Corp. Announces Shares for Debt Transaction

VANCOUVER, BC--(Marketwired - December 14, 2016) -

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3tl Technologies Corp. (TSX VENTURE: TTM) (the "Company"), announces that it has entered into agreements ("Settlement Agreements") to issue common shares in the share capital of the Company to settle outstanding debt of up to $73,239.17 with certain arm's length creditors (the "Debt"). The Company intends to issue up to 1,464,783 common shares ("Debt Shares") in the share capital of the Company to be issued at a deemed price of $0.05 to settle the Debt (the "Transaction"). The Transaction is subject to TSX Venture Exchange approval.

The Debt Shares, if issued, will be issued in reliance on certain prospectus and registration exemptions available under applicable securities laws and will be subject to a hold period of four months and one day in accordance with applicable securities legislations and TSX Venture Exchange 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.

Contact Information

  • For further information, please contact:
    3tl Technologies Corp.
    Robert Craig
    Chief Executive Officer
    (604) 639-5441
    rcraig@3tierlogic.com