Titan Trading Analytics Inc. Announces Private Placement Closing
2008-07-29 15:38:00
Titan Trading Analytics Inc. Announces Private Placement Closing
EDMONTON, ALBERTA–(EMWNews – July 29, 2008) – Titan Trading Analytics Inc. (“Titan” or the “Corporation”) (TSX VENTURE:TTA) (OTCBB:TITAF) announced today that the Company closed a non-brokered private placement (“Private Placement”) of units (“Units”), subject to regulatory approval, which raised $610,500. The Company will issue 2,035,000 Units at $0.30 per Unit. Each Unit consists of one common share and one-half of one common share purchase warrant (a “Warrant”). Each whole Warrant is exercisable into one common share at a price of $0.40 Canadian ($0.40 US) and will expire July 29, 2010. The securities issued under the private placement are subject to a four-month hold period.
In completing the Private Placement and pursuant to TSX Venture Exchange Policy, Titan has paid finders’ fees totalling $16,410 dollars. It is anticipated that Titan will use the proceeds to enhance marketing and training programs, software development and for working capital.
The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.
For more information, please contact Titan Trading Analytics Inc. |
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