TITAN TRADING ANALYTICS INC.
2nd Floor East, 9735 42nd Avenue, Edmonton, Alberta, T6E 5P8
Telephone: (780) 438-1239 Fax: (780) 438-1249
FOR IMMEDIATE RELEASE – Edmonton, Alberta
TSX Venture Trading Symbol: TTA
NASD OTCBB Trading Symbol: TITAF
TITAN TRADING ANALYTICS INC.
ANNOUNCES PRIVATE PLACEMENT CLOSING
AMENDED
December 19, 2006– Titan Trading Analytics Inc. (the “Corporation”) announced that the Corporation closed a non-brokered private placement of units (“Units”), subject to regulatory approval, which raised $1,158,965. The Corporation will issue 3,311,299 Units at $0.35 Canadian ($0.31 US) per Unit. Each Unit consisted of one common share and one-half of one common share purchase warrant (a “Warrant”). The Warrants are exercisable at a price of $0.50 Canadian ($0.45 US) and will expire December 12, 2008. The securities issued under the private placement are subject to a four-month hold period. The corporation revised the amount of Finder’s fees and paid $75,328.98 to arm’s length parties in connection with the placement. Insiders participated in the private placement for total gross proceeds of $300,000.
The proceeds of the private placement will be used to enhance marketing and training programs, software development and for working capital.
FOR FURTHER INFORMATION PLEASE CONTACT:
Titan Trading Analytics Inc.
Ken W. Powell, President & CEO
(780) 438-1239.
The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.
