Titan Trading Analytics Inc.
OTC Bulletin Board : TITAF

Titan Trading Analytics Inc.

November 01, 2007 11:31 ET

Titan Trading Analytics Inc. Announces New Terms for Non-Brokered Private Placement

EDMONTON, ALBERTA--(Marketwire - Nov. 1, 2007) - Titan Trading Analytics Inc. (TSX VENTURE:TTA) (OTCBB:TITAF) ("Titan") announced today that it has decided to amend the terms of a non-brokered private placement pursuant to the press release dated September 11, 2007.

Titan intends to proceed with a non-brokered private placement offering of up to 2,000,000 units ("Units") at a subscription price of $0.40 Canadian ($0.42 US) per Unit for gross proceeds of up to $800,000 Canadian. Each Unit will consist of one (1) common share in the capital of Titan and one-half ( 1/2) of one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one common share for a price of $0.60 Canadian ($0.62 US) for a period of twenty four (24) months from closing.

The private placement will be conducted in reliance upon certain prospectus and registration exemptions. The net proceeds from the placement will be used to enhance marketing and training programs, software development and for working capital.

The Corporation may pay, in accordance with all regulatory requirements, finder's fees to agents for obtaining subscriptions for Units pursuant to TSX Venture Exchange Policy, and the Units will be subject to a four month hold period.

Completion of the offering is subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.

The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Titan Trading Analytics Inc.
    Ken W. Powell
    President & CEO
    (780) 438-1239