EDMONTON, ALBERTA and ATLANTA, GEORGIA--(Marketwired - April 3, 2013) - Titan Trading Analytics, ("Titan or the "Company) (TSX VENTURE:TTA) (OTCBB:TITAF) announces that it has entered into a promissory note ("the "Promissory Note") with a third party lender (the "Note Holder"), pursuant to which the Note Holder has agreed to lend to the Company CDN $250,000. The Company intends to use the proceeds of the Promissory Note for general working capital purposes.
The principal under the Promissory Note will be accepted by Titan over a multi-week period and will incur an interest rate of 12% per year. The Promissory Note shall mature on March 1, 2014 (the "Maturity Date"). The Promissory Note is secured against all of the assets of the Company and ranks senior in priority and preference to any other indebtedness of other encumbrance of the Company.
About Titan Trading Analytics Inc.
Titan Trading Analytics 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 social media sentiment and identifies trade opportunities based on matching real-time and historical patterns, identified by Titan's Trade Signal Engine™ (TRE). Titan is listed on the TSX Venture as symbol TTA (TSX VENTURE:TTA) and on the OTCBB under the symbol TITAF (OTCBB:TITAF).
The statements in this news release relating to matters that are not current or historical facts are forward-looking statements. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Titan undertakes no obligation to publicly update or revise any forward-looking statement.