TMM, Inc. (OTCPK:TMMI) announced a private placement of 14,100,000 units at $0.10 per unit for gross proceeds of $1,410,000 in May 2013. Each unit consists of one common share and one warrant to purchase one additional share at $0.15 per share for a period of three years. The units will be issued to private investors.

On November 7, 2013, TMM, Inc. closed the transaction.