09:21:10 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



TMT Resources Inc (2)
Symbol TMT
Shares Issued 23,158,578
Close 2014-03-27 C$ 0.035
Market Cap C$ 810,550
Recent Sedar Documents

TMT Resources arranges $500,000 private placement

2014-04-17 20:42 ET - News Release

Mr. Scott Ackerman reports

TMT ANNOUNCES PRIVATE PLACEMENT

TMT Resources Inc. is proceeding with a non-brokered private placement in which it will raise $500,000. In connection with the offering, the company will issue 10 million units at a price of five cents per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of five cents for a period of 12 months from the closing of the offering. The funds raised in the offering will be used for general working capital purposes.

The company will also be settling $150,000 in outstanding indebtedness through the issuance of three million shares at a deemed price of five cents per share.

The shares issued hereunder will be subject to a hold period of four months from the date of issuance. The issuance of the shares is subject to the approval of the TSX Venture Exchange.

We seek Safe Harbor.

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