Frankfurt Stock Exchange Symbol: T2U
US Clearing Symbol: TTMRF
Issued and Outstanding: 60,437,513
VANCOUVER, Jan. 7, 2013 /CNW/ - TTM Resources Inc. ("TTM" or the
"Company") is pleased to announce a non-brokered private placement (the
"Private Placement") pursuant to which TTM proposes to issue up to 10
million units at a price of $0.05 per unit for gross proceeds of up to
$500,000. The Private Placement is subject to the approval of the TSX
Each unit under the Private Placement will consist of one common share
of the Company and one transferable common share purchase warrant.
Each common share purchase warrant will entitle the holder to purchase
one additional common share of the Company at an exercise price of
$0.10 for 24 months following the closing of the Private Placement. The Company may pay a finder's fee or commission on a portion of the
The proceeds of the Private Placement will be used primarily to fund
geotechnical drilling on, and further exploration of, the Company's
100% owned Chu Molybdenum Project, located 85 kilometres south of
About TTM Resources Inc.
TTM Resources Inc. is a Vancouver, British Columbia based Molybdenum
Development and Exploration Company focused on the resource development
of the Chu Molybdenum Project and three other molybdenum properties in
British Columbia, Canada.
TTM RESOURCES INC.
"W.K. Crichy Clarke"
W.K. Crichy Clarke
President, CEO & Director
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains certain "forward-looking information" within
the meaning of Canadian securities laws. Actual results may differ
materially from those indicated by such forward-looking information.
All information included herein, other than statements of historical
fact, including, without limitation, information regarding future
production, is considered forward-looking information and involves
various risks and uncertainties. There can be no assurance that the
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE: TTM Resources Inc.
For further information:
For further information visit the Company's web site at www.ttmresources.ca, or contact:
W.K. Crichy Clarke or Tom Brady
TTM Resources Inc.
Toll Free: 1.877.685.1144