Vancouver (pcJ News Briefs) – BTL Group Ltd. (TSX-V: BTL) has completed its previously announced non-brokered private placement of 1,150,000 units at CDN $2.70 per unit for gross proceeds of CDN $3,105,000.
Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share for a period of 24 months from the date of issuance at an exercise price of CDN $3.25 per share.
BTL intends to use the proceeds in connection with acceleration of the development of Interbit, BTL’s proprietary blockchain platform and towards general and administrative expenses.
With offices in Vancouver and Calgary, Canada and London, United Kingdom, BTL offers blockchain solutions to businesses across multiple industries, in particular the finance, energy and gaming sectors.
photo credit: BTL Group