| Home : July 2012 : July 21, 2012 News : Titan Trading Analytics Inc. Announces Non-Brokered Private Placement of Convertible Debenture |
Titan Trading Analytics Inc. Announces Non-Brokered Private Placement of Convertible Debenture |
July 21, 2012
EDMONTON, ALBERTA--(Marketwire - July 20, 2012) - Titan Trading Analytics Inc. (TSX VENTURE:TTA) (OTCBB:TITAF) ("Titan" or the "Corporation") announced today it intends to proceed with a non-brokered private placement offering of $250,000 in a convertible debenture ("Debenture"). The Debenture will mature 24 months from the date of issuance ("Maturity Date") and bear an annual interest rate of 10%. The Debenture will be convertible into units at a deemed price of $0.07 per unit ("Conversion Price") on or before the Maturity Date. Each unit consists of one common share ("Share") and one-half of one Share purchase warrant that is exercisable at a price of $0.10 per Share for up to 24 months from the date of conversion.
http://www.marketwire.com/mw/release.do?id=1682318&sourceType=3
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