TTM Resources Inc. announced that it has closed a non-brokered private placement with MineralFields Group pursuant to which TTM issued 7,000,000 flow-through units at a price of Can$0.28 per unit for gross proceeds of Can$1,960,000.
TTM Resources Inc. announced a nonbrokered private placement pursuant to which TTM proposes to issue 7,000,000 flow-through units at a price of Can$0.28 per unit for gross proceeds of Can$1,960,000. The proceeds of the placement will be used primarily to fund geotechnical drilling on, and further exploration at Chu Molybdenum Project, located south of Vanderhoof, British Columbia, Canada.
TTM Resources announced that it has entered into Purchase Agreements with two vendors to acquire eight additional mineral claims adjacent to the Chu molybdenum property in northern British Columbia, Canada. The claims expand the area of the Chu property by approximately 1,970 hectares.
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