Stock
Option Grant
Toronto, Ontario�.February 25,
2008�Titanium
Corporation Inc. (�the Corporation�) [TSX-V:TIC] today announced that the board
of directors has approved issuance of 500,000 stock options to Mr. Scott Nelson,
President and CEO of the Corporation, and 50,000 stock options to each of, Bruce
Burton, Malcolm Macpherson, Gordon Pridham, Eric Slavens and Brant Sangster, all
directors of the Corporation. These stock options are all exercisable at $2.00
per share for a period of five years, pursuant to the Corporation�s stock option
plan and in accordance with the policies of the TSX Venture
Exchange.
About Titanium
Corporation
Titanium Corporation Inc. is a
Canadian company developing a commercial process to maximize the inherent value
existing in the waste material currently being deposited in oil sands tailings
in the Fort McMurray, Athabasca oil sands region. Through extensive research, including
the construction and operation of pilot processing facilities, the Company is
developing technology to integrate the recovery of heavy minerals and bitumen
from mined oil sands tailings. Titanium Corporation�s technology could be applied to existing and
planned mined oil sands projects with the objective of creating a new sustainable industry for Canada.
Titanium Corporation Inc. shares trade on the Toronto Venture Exchange
(TSX.V) under the symbol TIC. For more information, please visit
our website www.titaniumcorporation.com.
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy and accuracy of
this release.
For further
information:
Scott Nelson, President &
CEO
Carolyn Muir, Investor Relations
Titanium Corporation Inc.
Titanium Corporation Inc.
403-561-0439
416-955-0715 X 224
E-mail: snelson@titaniumcorporation.com
cmuir@titaniumcorporation.com
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Titanium Corporation, Inc.
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CODE : TIC.V |
ISIN : CA88833T1049 |
CUSIP : 88833T104 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Titanium Corp is a oil exploration company based in Canada. Titanium Corp holds various exploration projects in Canada. Its main exploration property is OIL SANDS PROJECT in Canada. Titanium Corp is listed in Canada and in United States of America. Its market capitalisation is CA$ 115.5 millions as of today (US$ 92.4 millions, € 80.9 millions). Its stock quote reached its highest recent level on March 11, 2005 at CA$ 4.24, and its lowest recent point on December 24, 2008 at CA$ 0.15. Titanium Corp has 79 140 000 shares outstanding. |