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Titan Uranium Inc (“Titan” or the “Company”)
(TSX-V:TUE, FSE:T4X) is pleased to announce that the
Company has granted a total of 2,675,000 options to acquire common shares in
the capital of Titan to certain directors, officers, consultants and
employees of the Company, pursuant to the Company’s stock option plan.
The options are exercisable into common shares of Titan at a price of $0.155
per share, vesting immediately and expiring three years from the grant
date.
495,000 of the options were granted to insiders who had options that
were cancelled within the previous twelve months and pursuant to TSX Venture
Exchange policies the new options are considered to be amendments of the
previously cancelled options. In accordance with the requirements of
the TSX Venture Exchange, the Company will seek approval of disinterested
shareholders at its next Annual General Meeting for these amendments and
approval of the TSX Venture Exchange as maybe required.
About Titan Uranium Inc.
Titan Uranium’s vision is to be a leading mid-tier
North-American uranium exploration, development and mining company. Our
mission is to create shareholder value by advancing quality projects to
production.
Our growth strategy is driven by three elements:
• Development: A pre-feasibility study has been completed
at the Sheep Mountain Uranium Project, Wyoming. The deposit contains a NI
43-101 compliant probable reserve of 14.2M lbs. of U3O8 (6,393,000 tons at
0.111% eU3O8).
• Exploration: The goal is to discover world class uranium
deposits by exploring over 1.5M acres of land in the proven Athabasca and
prospective Thelon Basins. Exploration programs are also active in Utah and
Wyoming.
• Consolidation: The Company is actively pursuing M & A
opportunities and focused on uranium-friendly jurisdictions such as
Saskatchewan and Wyoming.
Titan has gained market recognition for its ability to attract strategic
partners to participate in the exploration of its properties. Japan Oil, Gas
and Metals National Corporation and Mega Uranium Ltd. are partners in current
exploration programs managed by Titan.
Titan is well-financed and ideally positioned to emerge as a pre-eminent
player in the uranium industry.
ON BEHALF OF TITAN URANIUM INC.
Brian A. Reilly, President
For further information, please contact:
Investor Relations
Titan Uranium Inc.
Phone: 306-651-2405 or 604-925-1810
Facsimile: 306-651-5105
Email: ir@titanuranium.com
www.titanuranium.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This News
Release includes certain "forward-looking statements". All
statements other than statements of historical fact, included in this
release, including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans and
objectives of Titan Uranium, are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from Titan
Uranium’s expectations are exploration risks detailed herein and from
time to time in the filings made by Titan Uranium with securities regulators
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