Non-Brokered Private Placement of Equity Units from BTL Group

BTL Group Ltd. has announced a proposed non-brokered private placement of up to 833,333 equity units of the BTL Group at a price of CAD$0.60 per equity unit for gross proceeds of up to CAD$500,000 – the Private Placement.

Each unit will be comprised of one common share of BTL Group and one common share purchase warrant of the BTL Group. Each warrant will entitle the holder to acquire one common share of BTL Group for a period of 12 months from the date of issuance of the warrant, at an exercise price of CAD$1.00 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 Group intends to use the proceeds from the Private Placement in connection with acceleration of its blockchain strategy, development of its blockchain technologies and towards general and administrative expenses.

BTL Group 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.