Titanium Issues Deferred Share Units
January 02 2020 - 5:47PM
Titanium Corporation Inc. ("Titanium" or the
"Company") announced that it has issued an aggregate of
109,627 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
$81,124 of directors' compensation for the quarter ended December
31, 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 $0.74, being the higher
of the closing price of the Common Shares on the TSX Venture
Exchange ("TSXV") on December 31, 2019 and the
5-day weighted average price of the Common Shares for the period
ended December 31, 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 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'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 TSXV 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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