TTM Resources Inc Announces Non-Brokered Private Placement

TTM Resources Inc announced a non-brokered 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.