Titan Trading Analytics Inc. Announces Private Placement Closing
June 10 2011 - 2:35PM
Marketwired
Titan Trading Analytics Inc. (TSX VENTURE: TTA) (OTCBB: TITAF) (the
"Corporation") is pleased to announce the closing of a non-brokered
private placement of units ("Units") which raised CDN $1,948,400.
The Corporation will issue 19,484,000 Units at CDN $0.10 per Unit.
Each Unit consists of one common share ("Common Share") and one
full common share purchase warrant (a "Warrant"). Each whole
Warrant is exercisable into one Common Share at a price of CDN$0.33
per Common Share during the twenty-four month period following the
date of closing and will expire June 10, 2013.
The Corporation paid a total of CDN $38,640 in finder's fees to
arm's length parties. The Common Shares and Warrants comprising the
Units and the Common Shares issuable upon exercise of the Warrants
are subject to a four (4) month restricted period which expires on
October 11 2011. Closing of the private placement is subject to TSX
Venture Exchange approval.
The net proceeds from the placement will be used to enhance
marketing and training programs, software development and for
working capital.
About Titan
Titan Trading Analytics Inc. is a premier provider of behavioral
trading research. Trade signals are distributed via a powerful
financial analysis and electronic trading software platform which
captures and analyzes real-time market tick data and identifies
trade opportunities based on numerous historical patterns,
identified by Titan's Trade Recommendation Engineâ„¢ (TRE). Titan's
flagship product, TickAnalystâ„¢, delivers trading signals to
proprietary trading firms and hedge funds via a cutting edge
browser-based interface. Titan's internally developed products and
services are at the forefront of the high growth global investment
management and automated trading industry.
Forward-Looking Statements
Except for historical information contained herein, the matters
set forth above may be forward- looking statements that involve
certain risks and uncertainties that could cause actual results to
differ from those in the forward-looking statements. Words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to the Company or its management,
identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well
as assumptions made by and information currently available to
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors such as the financial crisis in the US, consumer
spending, the amount of sales of the Company's products, the
competitive environment within the industry, the ability of the
Company to continue to expand its operations, the level of costs
incurred in connection with the Company's expansion efforts,
economic conditions in the industry and the financial strength of
the Company's clients. The Company does not undertake any
obligation to update such forward-looking statements. Investors are
also directed to consider all other risks and uncertainties.
Accordingly, readers should not place undue reliance on forward-
looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Titan Trading Analytics Inc. Irene Midgley
780-973-6996 imidgley@titantrading.com
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