Titan Trading Analytics Inc.
OTC Bulletin Board : TITAF

Titan Trading Analytics Inc.

December 19, 2006 16:59 ET

Titan Trading Analytics Inc. Announces Private Placement Closing Amended

EDMONTON, ALBERTA--(CCNMatthews - Dec. 19, 2006) - Titan Trading Analytics Inc. (the "Corporation") (TSX VENTURE:TTA)(OTCBB:TITAF) announced that the Corporation closed a non-brokered private placement of units ("Units"), subject to regulatory approval, which raised $1,158,965. The Corporation will issue 3,311,299 Units at $0.35 Canadian ($0.31 US) per Unit. Each Unit consisted of one common share and one-half of one common share purchase warrant (a "Warrant"). The Warrants are exercisable at a price of $0.50 Canadian ($0.45 US) and will expire December 12, 2008. The securities issued under the private placement are subject to a four-month hold period. The corporation revised the amount of Finder's fees and paid $75,328.98 to arm's length parties in connection with the placement. Insiders participated in the private placement for total gross proceeds of $300,000.

The proceeds of the private placement will be used to enhance marketing and training programs, software development and for working capital.

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