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VANCOUVER, April 26, 2017 /CNW/ - 3tl Technologies Corp. (TSXV: TTM) (the "Company") announces that it has entered an agreement ("Settlement Agreement") with an arm's length creditor to issue shares to settle outstanding debt of $60,000.00. The Company intends to issue 1,200,000 common shares ("Debt Shares") in the share capital of the Company to be issued at a deemed price of $0.05 (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.
The Company also announces that Sam Wang has resigned as the Chief Financial Officer and Corporate Secretary effective April 30, 2017 and the Company has appointed Leah Rihela as Chief Financial Officer and Corporate Secretary effective May 1, 2017. "I want to thank Sam for all of his hard work and the knowledge he brought to the 3tl team. We wish him the best in his next enterprise," said Rob Craig, CEO of 3tl. "We are excited to have Leah Rihela, who was previously our Controller, as our new CFO. 3tl is growing rapidly and we are excited to have Leah continue with us in this role at such an exciting time."
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.
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.
For further information: 3tl Technologies Corp., Robert Craig, Chief Executive Officer, (604) 639-5441, [email protected]