MM Asset Management Inc.

January 08, 2008 17:52 ET

MM Asset Management Inc. Acquired Control Over Common Shares of Tyler Resources Inc.

TORONTO, ONTARIO--(Marketwire - Jan. 8, 2008) - MM Asset Management Inc. ("MMAM") announced that one fund it manages and advises, MMCAP International Inc. SPC ("MMCAP") has on this day acquired an aggregate of 957,600 common shares of Tyler Resources Inc. ("Tyler") through the facilities of the TSX Venture Exchange, representing 0.7844% of the outstanding shares of Tyler. Immediately following these transactions, MMCAP beneficially owns and MMAM exercises control and direction over 14,333,900 Shares and 251,000 Warrants, representing approximately 11.9219% of the outstanding common shares of Tyler on a partially diluted basis.

On November 21, 2007, MMCAP announced it had acquired an aggregate of 1,040,900 Shares of Tyler since a take-over bid for all of the outstanding common shares was filed by Mercator Minerals Ltd. with the securities regulatory authorities on November 9, 2007 ("date of filing"). Since that date, MMCAP has acquired an additional 3,757,500 common shares (the "Additional Shares") of Tyler. The Additional Shares were acquired in a series of transactions conducted through the facilities of the TSE Venture Exchange representing approximately 3.0777% of the outstanding common shares of Tyler.

MMCAP has acquired the Tyler common shares for investment purposes only. Depending on market conditions and other factors, MMCAP may from time to time acquire additional securities of Tyler or dispose of such securities in the open market, by private agreement or otherwise.

Contact Information

  • MM Asset Management Inc.
    Matthew MacIsaac
    Secretary
    (416) 408-0997