SOURCE: 3TL Technologies Corp.

3TL Technologies Corp.

December 30, 2015 20:30 ET

3TL Technologies Corp. Closing Offering of Units

VANCOUVER, BC--(Marketwired - December 30, 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 today that it has completed its previously announced offering of units (the "Units"). The Company issued 7,737,000 Units at a price of $0.10 per Unit for total gross proceeds of $773,700 (the "Offering"). The Offering was completed by Global Securities Corporation (the "Agent").

Each Unit consists 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 at any time on or before December 30, 2017. 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.

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