Titanium Issues Deferred Share Units
October 01 2019 - 8:00AM
Titanium Corporation Inc. ("Titanium" or the
"Company") announced that it has issued an aggregate of
110,997 deferred share units of the Company
("
DSUs") to non-executive directors under the
Company's shareholder approved deferred share unit plan (the
"
DSU Plan") in settlement of
$83,233 of directors' compensation for the quarter ended September
30, 2019. The DSUs are to be settled in common shares
("
Common Shares") of the Company when the director
retires from all positions with Titanium.
In accordance with the DSU Plan, the number of
DSUs issued was based on a market price of $0.75, being the higher
of the closing price of the Common Shares on the TSX Venture
Exchange ("TSXV") on September 30, 2019 and the
5-day weighted average price of the Common Shares for the period
ended September 30, 2019.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy the securities in any
jurisdiction. The common shares of Titanium will not be and
have not been registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United
States, or to a U.S. person, absent registration or applicable
exemption therefrom.
About Titanium Corporation
Inc.Titanium Corporation's CVW™ technology provides
sustainable solutions to reduce the environmental footprint of the
oil sands industry. The Company's technology reduces the
environmental impact of oil sands tailings while economically
recovering valuable products that would otherwise be lost. CVW™
recovers bitumen, solvents and minerals from tailings, preventing
these commodities from entering tailings ponds and the atmosphere;
volatile organic compound and greenhouse gas emissions are
materially reduced; hot tailings water is improved in quality for
recycling; and residual tailings can be thickened more readily. A
new minerals industry will be created commencing with the
production and export of zircon, an essential ingredient in
ceramics. The Company's shares trade on the TSX Venture Exchange
under the symbol "TIC". For more information, please visit the
Company's website at www.titaniumcorporation.com.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
For further information, contact:
Scott Nelson |
Jennifer Kaufield |
President & CEO |
Vice President, Finance & CFO |
Tel: (403) 561-0439 |
Tel: (403) 874-9498 |
Email: snelson@titaniumcorporation.com |
Email: jkaufield@titaniumcorporation.com |
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