By Laura Lutz
Des Moines, Nov. 9 - Titan Trading Analytics Inc. intends to conduct a private placement of units for up to C$1.75 million.
The company plans to sell up to 5 million units of one share and one half-share warrant at C$0.35 per unit. Each whole warrant will be exercisable at C$0.50 for two years.
Proceeds of the non-brokered placement will be used for marketing and training programs, software development and working capital.
Based in Edmonton, Alta., Titan Trading provides trading tools for money managers, trading firms and traders.
| Issuer: | Titan Trading Analytics Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.75 million
|
| Units: | 5 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 9
|
| Stock symbol: | TSX Venture: TTA
|
| Stock price: | C$0.30 at close Nov. 8
|
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