 CHARLOTTE, N.C., Aug. 04, 2021 GLOBE NEWSWIRE -- Ballantyne Strong, Inc. NYSE American: BTN of 4201 Congress Street, Suite 175, Charlotte, North Carolina 28209 announces that pursuant to the offering the Rights Offering of rights the Rights by GreenFirst Forest Products Inc. the Company which completed on July 30, 2021 the Expiry Time, Ballantyne Strong exercised 8,269,500 Rights at an exercise price of 1.50 per Right for aggregate consideration of 12,404,250, gaining ownership and control of 8,269,500 subscription receipts of the Company Subscription Receipts. Each Subscription Receipt will be automatically exchanged, without payment of additional consideration, for one common share in the capital of the Company a Common Share subject to and conditional upon satisfaction of certain conditions by the Company. Based on the Companys press release of August 3, 2021, prior to and following the Expiry Time, 37,221,960 Common Shares were issued and outstanding and following the Expiry Time 111,665,880 Subscription Receipts were issued and outstanding upon the exercise of Rights. All amounts are in Canadian dollars unless otherwise indicated. 