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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