BTL Group announces $8M private placement

BTL Group Ltd.



News Release

BTLTM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR UP TO $8 MILLION OF EQUITY UNITS

For Immediate Release

Vancouver, Canada / London, UK November 1, 2017

BTL GROUP LTD. (TSX Venture: BTL) (“BTL”) announces a proposed non-brokered private placement of up to 1,632,653 equity units of BTL (“Equity Units”) at a price of CAD$4.90 per Equity Unit for gross proceeds of up to CAD$8,000,000 (the “Private Placement”).

Each Equity Unit will be comprised of one (1) common share of BTL and one-half of one (1/2) common share purchase warrant of BTL (a “Warrant”). Each whole Warrant will entitle the holder to acquire one (1) common share of BTL for a period of 12 months from the date of issuance of the Warrant, at an exercise price of CAD$7.00 per share.

The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws.

BTL intends to use the proceeds from the Private Placement in connection with final development of InterbitTM, BTL’s proprietary third generation blockchain platform, and towards general and administrative expenses.

BTL may pay a commission or finder’s fee to eligible parties in connection with the Private Placement, subject to the approval of the TSX Venture Exchange and compliance with applicable securities laws.

ABOUT BTLTM AND INTERBITTM

Listed on the TSX Venture Exchange (TSX Venture: BTL) and operating from both Canada and the UK, BTL is an enterprise technology platform provider that is developing Interbit, a proprie-tary third generation blockchain platform. Via Interbit, BTL can help companies greatly reduce risks and costs by securely streamlining existing IT infrastructures. BTL has successfully demonstrated how Interbit can innovate and transform existing business processes for leading companies in the finance, energy and gaming sectors.

Interbit is a fast, private, and scalable inter-connected blockchain platform. Via its suite of APIs and smart contracts, Interbit allows businesses around the world to improve efficiency in trading and operations, accelerate development of internal systems, and embrace new revenue gener-ating opportunities, while providing the high levels of security, resilience and auditability required in regulated enterprise environments.

With offices in Vancouver and Calgary, Canada and London, UK, BTL is positioning itself as a front-runner in the blockchain ecosystem, partnering with and enabling enterprises on Interbit in order to improve their existing IT systems.

Website: www.btl.co Twitter: https://twitter.com/blockchainltd
For further information please contact:
Angus Campbell, Inquiries
Phone: +44 (0) 20 7100 0850
Email: Angus.Campbell@staturepr.com
Dominic McCann, CEO
Phone: +1 855 256 5246
Email: dominic@btl.co

Rupert Williams
Smaller Company Capital Ltd
4 Lombard Street, London EC3V 9HD
Phone: +44 (0) 20 3651 2911
Mob: +44 (0) 7717 578865
Email: Rupert@sc-capital.co.uk

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Private Placement and has neither approved nor disapproved the contents of this press release.