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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 11, 2016) - BTL GROUP LTD. ("BTL" or the "Corporation") (TSX VENTURE:BTL) is pleased to announce the following appointments effective immediately: Mr. Brian Hinchcliffe as Executive Chairman; Mr. Rob Suttie as Chief Financial Officer and Corporate Secretary; and Mr. John Thomson as Lead Director.
Brian Hinchcliffe - Executive Chairman of the Board of Directors
Mr. Hinchcliffe has been a director of the Corporation since its inception and will now act as Executive Chairman. Mr. Hinchcliffe has been involved in projects in the natural resources sector for nearly 20 years and has sat on the board of directors of numerous publicly listed companies. He served as Vice President at Goldman Sachs for ten years before launching an entrepreneurial career. Mr. Hinchcliffe is a co-founder of Kirkland Lake Gold Inc. and previously served as its President and CEO. Mr. Hinchcliffe is currently Executive Chairman and Chief Executive Officer of Belvedere Resources Ltd. and a director of Rupert Resources Ltd., both Exchange listed companies.
Rob Suttie - Chief Financial Officer and Corporate Secretary
Mr. Suttie brings with him 20 years' experience in financial services, including twelve years in public accounting, specializing in management advisory, accounting, and financial disclosure. His public company experience includes financial reporting and advisory services, initial public offerings, business combinations and spin-out transactions. Mr. Suttie has served as Chief Financial Officer to a number of companies listed on the TSX and TSX Venture exchanges, and is currently the Vice President of Marrelli Support Services Inc.
John Thomson - Lead Director of the Board of Directors
Mr. Thomson has been a director of the Corporation since its inception and will now act as Lead Director. Mr. Thomson is a Chartered Accountant from Scotland who has also studied at INSEAD (a graduate business school), has worked internationally in a variety of senior roles for companies. He is currently the Chief Financial Officer and a director of Kirkland Lake Gold Inc., a TSX listed operating and exploration gold company located in Kirkland Lake, Ontario. Currently also a director of Belvedere Resources Ltd. and Rambler Metals & Mining Plc, both Exchange listed companies.
Grant of Stock Options
The Corporation also announces the grant of options to Mr. Rob Suttie to acquire a total of 75,000 common shares of the Corporation at an exercise price of $0.51 per share, such options to vest as to one-half on March 11, 2017 and one-half on March 11, 2018. These options expire five years from the date of grant.
BTL is a technology company whose current business is focused on developing blockchain technologies to disrupt and transform existing industries. Technology is developed in-house and through BTL's incubator and accelerator programs, based in Vancouver, British Columbia. BTL's first technology platform is a remittance business called Interbit with a focus on leveraging blockchain technology to create rapid and cost effective "cash-in cash-out" settlement solutions from Canada and the United Kingdom to target countries.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
BTL Group Ltd.
Chief Executive Officer
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