TSX-V Symbol: TTQ
Frankfurt Stock Exchange Symbol: T2U
US Clearing Symbol: TTMRF
VANCOUVER, Nov. 15 /CNW/ - W. K. Crichy Clarke, President & CEO of TTM
Resources Inc. (TSX-V-TTQ, Frankfurt:T2U) (the "Company") is pleased to
announce, further to its news releases of October 19 2007, that it has
completed the brokered private placements with Canaccord Capital, issuing an
aggregate of 3,953,500 flow-through units at a price of $1.50 per unit and a
non-brokered private placement issuing an aggregate of 1,835,000 flow-through
units at a price of $1.50 per unit for aggregate gross proceeds of $8,682,750.
Each flow-through unit consists of one flow-through common share and one-half
of one share purchase warrant. Each whole warrant is exercisable for a period
of 12 months at a price of $1.75 per share.
The Company paid a cash commission of 5% to the Agent for units placed as
part of the brokered financing, and issued 237,210 Broker warrants exercisable
at a price of $1.50 for 12 months. The Agent also received a Corporate Finance
fee for corporate finance services rendered. The Company may pay cash
commission of up to 5% on portions of the non brokered financing in accordance
with the TSX Venture Exchange guidelines.
All securities issued with respect to the closing of the Private
Placement are subject to a hold period expiring March 16, 2008.
The above placement is subject to the final approval of the TSX Venture
For further information visit the Company's web site at
W.K. Crichy Clarke
President & CEO
This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially from those
indicated by such statements. All statements, other than statements of
historical fact, included herein, including, without limitations statements
regarding future production, are forward looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. The TSX
Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Main: W.K. Crichy Clarke, President & CEO, Tom
Brady, (604) 685-5851 or Toll Free: (888) 685-5851, Fax: (604) 685-7349,
Website: www.ttmresources.ca, Email: email@example.com; Europe: Small Cap Invest Ltd,
Alexander Friedrich, 49 (0) 69-24 24 93 49, 49 (0) 12 12 544 71 04 62, Email: