TinyMassive completes $171,500 financing

TinyMassive completes $171,500 financing
2010-07-30 16:42 ET - News Release
Mr. Bruno Gasbarro reports
TINYMASSIVE ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
TinyMassive Technologies Inc. has completed a private placement of 3.43 million common shares at a price of five cents per share for aggregate proceeds of $171,500. A commission of 10 per cent was paid to PI Financial Corp. The total amount of the commission paid was $14,150. The company intends to use the proceeds raised from the issuance of these securities for the operations of TBwaP Inc. The company currently owns approximately 51 per cent of TBwaP and is negotiating to acquire the remaining 49 per cent. The company intends to close a second private placement to raise up to an additional $230,000 within the next 10 days.