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Re: More financing coming

That is not the story, here is the actual news.


Intertainment Announces Filing of Preliminary Short Form Prospectus and Unit Offering

TORONTO, CANADA, Aug 17, 2011 (Marketwire via COMTEX News Network) --


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES


Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that it has filed a preliminary short form prospectus for distribution of the common shares ("Common Shares") and common share purchase warrants ("Warrants") issuable on the exercise of the 19,760,271 special warrants ("Special Warrants") issued at a price of $1.20 per Special Warrant on May 13, 2011 (the "SW Offering") and with respect to the distribution of up to $20,000,000 of units ("Units") of the Company (the "Unit Offering").


The Company currently has approximately $23,000,000 in cash and cash equivalents available for working capital and strategic purposes. Any additional funding will be used primarily for strategic acquisitions and marketing activities to increase revenue opportunities.


The Company has received a continued term sheet for the entire Unit Offering from a US strategic investor with extensive opportunities in the US and Asia for Ortsbo and Intertainment's other programs.


The previously announced acquisition of SaaS Technologies Inc. is not affected by the Unit Offering, as this acquisition has been negotiated, subject to all necessary approvals, as a combination of cash and Common Shares over a period of 2 years.


Should the Company elect to proceed with the distribution of additional Units, the pricing of the Units will be determined by the Company at an expected premium to the market prior to filing the final prospectus in connection with the Unit Offering. Each Unit will consist of one Common Share and one-half of one Warrant. Each whole Warrant shall entitle the holder thereof to purchase one Common Share at a price per Common Share to be determined at the time of pricing of the Units. The Warrants will have a term expiring on the date which is 24 months from the completion of the Unit Offering, subject to acceleration of the exercise period in certain circumstances.


A preliminary short form prospectus containing important information relating to the Unit Offering and SW Offering has been filed with the securities commissions or similar authorities in certain jurisdictions of Canada. Copies of the preliminary short form prospectus may be obtained from Mr. David Lucatch, President and Chief Executive Officer of the Company, at 30 West Beaver Creek Road, Unit 111, Richmond Hill, Ontario L4B 3K1, telephone (905) 763-3510, and is also available electronically at www.sedar.com.


Intertainment is also pleased to announce that it has retained, subject to TSX Venture Exchange acceptance, Profinnotiv AG ("Profinnotiv") to provide the Company with investor relations and public relations services in the European market for the next 12 months at an approximate cost of $185,000. Options to purchase common shares of the Company may be granted to Profinnotiv in the future. Profinnotiv will leverage extensive relationships within the professional investment community to expand Intertainment's profile as well as to communicate with existing Intertainment stakeholders in Europe. Based in Switzerland, Profinnotiv is a highly specialized provider of global financial services with a long history in Europe with strong investor support.


About Intertainment - www.intertainmentmedia.com


Connecting people with brands, Intertainment Media Inc. is a Rich Media Applications leader, focused on delivering leading edge technology and marketing solutions enabling clients to power enhanced branding, loyalty initiatives and consumer engagement. Selected as a Microsoft Global Agency Initiative partner, Intertainment has joined an elite group of interactive agencies worldwide that Microsoft recommends to its Partners and Customers.


Intertainment owns a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum Fine Commercial Printing Limited.


Headquartered in Richmond Hill, ON, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the TSX Venture Exchange under the symbol "INT", in the US under the symbol "ITMTF" and on the Frankfurt Exchange under the symbol "I4T".


This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.


This new release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.


Forward-Looking Information


This news release contains certain "forward-looking information" within the meaning of such statements under applicable securities law including statements relating to the Unit Offering and SW Offering.


Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Actual timelines associated may vary from those anticipated in this news release and such variations may be material. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on this forward-looking information.


SOURCE: Intertainment Media Inc.


For Ortsbo / Intertainment Media Inc.: David Lucatch CEO 800-395-9943 info@intertainmentmedia.com www.ortsbo.com or www.intertainmentmedia.com Public Relations / Media Inquiries: SS / PR mcampe@sspr.com www.sspr.com


Copyright (C) 2011 Marketwire. All rights reserved.

about 13 years ago
Added to S&P venture 30 index

August 12, 2011 - 5:15 PM EDT

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Standard & Poor's Announces the Semi-Annual Review of the S&P/TSX Venture 30 Index



TORONTO, Aug. 12, 2011 /CNW/ - Standard Poor's Canadian Index Operations announces the results of the semi-annual review of the SP/TSX Venture 30 Index, which will become effective after the close of trading on Friday, August 19, 2011.

ADDITIONS

Issue Name

Symbol

Allana Potash Corp.
AAA

Aurcana Corporation
AUN

Exploration Orbite VSPA Inc.
ORT.A

Gold Canyon Resources Inc.
GCU

Hana Mining Ltd.
HMG

Intertainment Media Inc.
INT

New Millennium Iron Corp.
NML

Novus Energy Inc.
NVS

Petrolia Inc.
PEA

Pinecrest Energy Inc.
PRY

Rio Alto Mining Ltd.
RIO

Sandstorm Gold Ltd.
SSL

Stans Energy Corp.
HRE

DELETIONS

Issue Name

Symbol

Africa Oil Corp.
AOI

Canacol Energy Ltd.
CNE

Clifton Star Resources Inc.
CFO

Hathor Exploration Limited
HAT

Kaminak Gold Corporation
KAM

Pan Orient Energy Corp.
POE

Petrodorado Energy Ltd.
PDQ

PetroMagdalena Energy Corp.
PMD

Rare Element Resources Ltd.
RES

Tag Oil Ltd.
TAO

Timmins Gold Corp.
TMM

Victoria Gold Corp.
VIT

Western Potash Corporation
WPX

Company additions to and deletions from an SP equity index do not in any way reflect an opinion on the investment merits of the company.


About SP Indices
SP Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard Poor's family of indices, which includes the SP 500, the world's most followed stock market index, the SP/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the SP Global BMI, an index with approximately 11,000 constituents, the SP GSCI, the industry's most closely-watched commodities index and the SP National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.


About Standard Poor's
Standard Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit: www.standardandpoors.com.






Source: Canada Newswire (August 12, 2011 - 5:15 PM EDT)

News by QuoteMedia
www.quotemedia.com

about 13 years ago
Updated resource estimate

TTM RECEIVES REVISED RESOURCE ESTIMATE


FOR CHU MOLYBDENUM PROJECT



MEASURED AND INDICATED RESOURCE INCREASED BY 18%


Measured 159,080,000 tonnes 0.061% Mo, 0.035% Cu (at 0.04% Mo cutoff)


Indicated 211,550,000 tonnes 0.057% Mo, 0.035% Cu (at 0.04% Mo cutoff)


Inferred 256,560,000 tonnes 0.052% Mo, 0.036% Cu (at 0.04% Mo cutoff)



Vancouver, B.C., May 20, 2010 – W. K. Crichy Clarke, President and CEO of TTM Resources Inc. (“TTM” or the “Company”) announces that the Company is in receipt of an updated Resource Estimate from Gary Giroux of Giroux Consultants Inc. of Vancouver, B.C. for its 100% owned Chu Molybdenum Project located 65 kilometers southwest of Vanderhoof, British Columbia, Canada. The updated Resource Estimate has been incorporated into a revised Preliminary Economic Assessment (“PEA”) prepared by Moose Mountain Technical Services (“Moose Mountain”) of Calgary, Alberta.



Revised Resource Estimate and Preliminary Economic Assessment



The Company has received an updated Resource Estimate from Giroux Consultants Inc., of Vancouver, B.C. The revised estimate was calculated by incorporating the 2009 and 2010 drilling campaigns (13 drill holes totaling 5,894 meters) that occurred subsequent to the previous resource estimate announced in the Company’s Feb 27, 2009 press release, which incorporated all holes drilled to the end of 2008. The Mineral Resource Estimate at the Company’s 100% owned Chu Molybdenum project using a 0.04% Mo cutoff now stands at: Measured 159 million tonnes at an average grade of 0.061% Mo and 0.035% Cu (214 million lbs molybdenum, 122.8 million lbs copper), Indicated 211 million tonnes at an average grade of 0.057% Mo and 0.035% Cu (265.9 million lbs molybdenum, 163 million lbs copper), and Inferred 256 million tonnes at an average grade of 0.052% Mo and 0.036% Cu (294.2 million lbs molybdenum, 203 million lbs copper). The Measured plus Indicated resource totals 370 million tonnes at a grade of 0.059% Mo and 0.035% Cu (482.2 million lbs of molybdenum, 286.1 million lbs copper). The Measured and Indicated resource tonnage has increased by 18% while the contained molybdenum and copper have increased by 16% and 12% respectively over the previous estimate. The Resource Estimate is tabulated at various cutoffs and shown on the tables below:






CHU PROJECT - MEASURED RESOURCE

Mo Cutoff

Tonnes> Cutoff

Grade > Cutoff

(%)

(tonnes)

Mo %

Cu (%)

Million lbs Mo

Million lbs Cu

0.02

286,070,000

0.047

0.034

296.5

214.5

0.03

222,820,000

0.053

0.035

260.4

172.0

0.04

159,080,000

0.061

0.035

214.0

122.8

0.05

100,380,000

0.070

0.035

154.9

77.5

0.06

61,080,000

0.080

0.036

107.7

48.5

0.07

35,990,000

0.090

0.037

71.4

29.4

0.08

21,450,000

0.101

0.039

47.8

18.4

0.09

13,190,000

0.111

0.041

32.3

11.9

0.10

8,340,000

0.120

0.043

22.1

7.9

CHU PROJECT - INDICATED RESOURCE

Mo Cutoff

Tonnes> Cutoff

Grade > Cutoff

(%)

(tonnes)

Mo %

Cu (%)

Million lbs Mo

Million lbs Cu

0.02

508,910,000

0.041

0.033

460.1

370.3

0.03

345,970,000

0.049

0.035

373.8

267.0

0.04

211,550,000

0.057

0.035

265.9

163.3

0.05

119,340,000

0.067

0.036

176.3

94.7

0.06

67,990,000

0.077

0.036

115.4

54.0

0.07

38,880,000

0.086

0.036

73.7

30.9

0.08

21,720,000

0.095

0.037

45.5

17.7

0.09

11,830,000

0.104

0.039

27.1

10.2

0.10

5,920,000

0.114

0.040

14.9

5.2

CHU PROJECT - INFERRED RESOURCE

Mo Cutoff

Tonnes> Cutoff

Grade > Cutoff

(%)

(tonnes)

Mo %

Cu (%)

Million lbs Mo

Million lbs Cu

0.02

969,050,000

0.035

0.032

747.9

683.8

0.03

531,590,000

0.043

0.034

504.0

398.5

0.04

256,560,000

0.052

0.036

294.2

203.7

0.05

113,320,000

0.062

0.037

154.9

92.5

0.06

52,160,000

0.072

0.039

82.8

44.9

0.07

23,950,000

0.080

0.042

42.2

22.2

0.08

9,910,000

0.088

0.048

19.2

10.5

0.09

3,080,000

0.098

0.052

6.7

3.5

0.10

910,000

0.109

0.052

2.2

1.0


CHU PROJECT - MEASURED PLUS INDICATED RESOURCE

over 14 years ago
Financing

TTM Resources Inc. Announces Flow-Through Financing with MineralFields Group

VANCOUVER, Apr 20, 2010 (Canada NewsWire via COMTEX News Network) --


TSX-V: TTQ


Frankfurt Stock Exchange Symbol: T2U


US Clearing Symbol: TTMRF


Issued and Outstanding: 46,329,989


VANCOUVER, April 20 /CNW/ - TTM Resources Inc. ("TTM" or the "Company") is pleased to announce a nonbrokered private placement with MineralFields Group (the "Private Placement") pursuant to which TTM proposes to issue 3,500,000 flow-through units at a price of $0.57 per unit for gross proceeds of $1,995,000. The Private Placement is subject to the approval of the TSX Venture Exchange.


Each unit under the Private Placement will consist of one flow-through common share and one transferable common share purchase warrant. Each common share purchase warrant will entitle the holder to purchase one additional non flow-through common share of the Company at an exercise price of $0.75 for the first 12 months following the closing of the Private Placement (the "Closing") and at an exercise price of $1.00 between 12 and 24 months following the Closing.


Limited Market Dealer Inc. ("LMDI") will received a cash finder's fee of $99,750, representing 5% of the gross proceeds raised in the Private Placement, as well as a non-transferable option (the "LMDI Option") to acquire 350,000 units of the Company (the "LMDI Units"), equivalent to 10% of the total units sold in the Private Placement. The LMDI Option is exercisable into LMDI Units for a period of 12 months following the Closing at an exercise price of $0.57 per LMDI Unit. Each LMDI Unit consists of one common share of the Company and one non-transferable share purchase warrant of the Company, each such warrant entitling the holder to purchase one common share of the Company at an exercise price of $0.75 for the first 12 months following the Closing and at an exercise price of $1.00 between 12 and 24 months following the Closing. In addition, LMDI will receive a cash due diligence fee of $59,850, plus GST, representing 3% of the gross proceeds from the Private Placement.


"We are very pleased to be entering into this relationship with MineralFields Group", said Crichy Clarke, the Company's President and CEO. "This is an important milestone in the growth of TTM Resources Inc. and we look forward to working with MineralFields Group as we continue to develop the Chu and our other mineral properties in British Columbia. We are comfortable with MineralFields Group as they are with us, and we both look forward to the release of our updated Preliminary Economic Assessment in mid-May and our Pre-Feasibility Study in September."


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.


About MineralFields, Pathway and First Canadian Securities (R)


MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver Montreal and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities (R) (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities (R).


About TTM Resources Inc.


TTM Resources Inc. is a Vancouver, British Columbia based Molybdenum Development and Exploration Company focused on the resource development of the Chu Molybdenum Project and three other molybdenum properties in British Columbia, Canada.


TTM RESOURCES INC.


"Crichy Clarke"


---------------


W.K. Crichy Clarke


President, CEO & Director


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION


This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


SOURCE: TTM Resources Inc.


visit the Company's web site at www.ttmresources.ca, or contact: W.K. Crichy Clarke or Tom Brady, TTM Resources Inc., Phone: (604) 685-1144, Toll Free: 1-877-685-1144, Email: ir@ttmresources.ca


Copyright (C) 2010 CNW Group. All rights reserved.

over 14 years ago
Re: Canadian insider

Great that CC is buying more and is not alone. But what this stock needs is some news. I know that there is a lot going on but no official NR for about 3 months yet again.


Good part is that as long as it goes the way we expect the move from here should be a big one. Hope those Chinese investors are coming to sign a deal.

over 14 years ago
Moly over $14

Last price I have for Moly is $14.25 US. Getting closer to the low case minimum $15 scenario in the PEA, although I would prefer to see nearer the $20 base case.
The trading of futures on the LME in February may provide the catalyst to achieve this level.
But the trend is our friend for now and should help to increase our undervalued pps to nearer where it deserves to be.

over 14 years ago
really_in_to_it
City
Montreal
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189
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Your Rating
Date Joined
07/16/2008
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