Form 51-102F3
Material Change Report
Amended
1.
Name and Address of Company
Titan Trading Analytics Inc.
2nd Floor East, 9735 42nd Avenue
Edmonton, Alberta, T6E 5P8
2.
Date of Material Change
December 12, 2006
3.
News Release
December 19, 2006 via CCNMatthews
4.
Summary of Material Change
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 and revised the amount of Finder’s fees paid to arm’s length parties in connection with the placement.
5.
Full Description of Material Change
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.
6.
Reliance of subsection 7.1(2) or (3) of National Instrument 51-102
N/A
7.
Omitted Information
N/A
8.
Executive Officer
Ken W. Powell, President & CEO
Telephone: 780-438-1239
9.
Date of Report
December 19, 2006
