MM Asset Management Inc.

November 21, 2007 16:49 ET

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

TORONTO, ONTARIO--(Marketwire - Nov. 21, 2007) - MM Asset Management Inc. ("MMAM") announced that one fund it manages and advises, MMCAP International Inc. SPC ("MMCAP") has acquired 1,040,900 common shares (the "Shares") of Tyler Resources Inc. ("Tyler") since a take-over bid for all of the outstanding common shares of Tyler was filed by Mercator Minerals Ltd. with the securities regulatory authorities on November 9, 2007 ("Date of Filing"). The Shares were acquired through the facilities of the Toronto Stock Exchange.

On the Date of Filing, MMCAP beneficially owned and MMAM exercised control and direction over 9,535,500 common shares and 251,000 warrants (each exercisable into one common share) of Tyler, representing in the aggregate approximately 8.5475% of the outstanding common shares of Tyler (on a partially diluted basis). At the date hereof, MMCAP beneficially owns and MMAM exercises control and direct over 10,576,400 common shares and 251,000 warrants of Tyler, representing in the aggregate approximately 9.4566% of the outstanding common shares of Tyler (on a partially diluted basis).

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