TTM Resources Inc. Announces Non-Brokered Private Placement
TSX-V: TTQ
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 Venture Exchange.
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 Private Placement.
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 Vanderhoof, B.C.
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.