Mr. Scott Nelson reports
TITANIUM CORPORATION INC. ANNOUNCES APPOINTMENT OF BRUCE GRIFFIN TO THE BOARD OF DIRECTORS
Titanium Corp. Inc. has appointed Bruce Griffin to the board of directors as an independent director of the company. Mr. Griffin has also been appointed to the company's commercialization committee.
Mr. Griffin is currently the senior vice-president of strategic development at Lomon Billions Group, the world's third-largest producer of high-performance titanium dioxide pigments. Mr. Griffin has previously held senior management positions at several mining and minerals companies, including acting as the chief executive officer and a director of TZ Minerals International Pty. Ltd., the leading independent consultant on the global mineral sands industry, World Titanium Resources, a development-stage titanium project in Africa, and vice-president of titanium at BHP Billiton, then one of the world's leaders in the industry.
"Titanium is delighted to have attracted a senior minerals executive of Bruce's calibre to the company's board of directors," commented David Macdonald, Titanium's chair. "Bruce brings a deep understanding of the global minerals industry from its key markets and customers to its leading players and has broad experience in operations, strategy, finance and capital markets, which we expect will prove invaluable as we progress towards commercialization."
Concurrent with Mr. Griffin's appointment to the board, Titanium has granted him 75,000 stock options under the company's stock option plan. The stock options are exercisable at a price equal to 67 cents per common share of the company, expire in five years and vest in equal instalments over a period of 36 months.
The appointment of Mr. Griffin to the board is subject to the approval of the TSX Venture Exchange.
About Titanium Corp. 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 froth treatment tailings while economically recovering valuable products that would otherwise be lost. CVW recovers bitumen, solvents, heavy minerals and water from tailings, preventing these commodities from entering tailings ponds and the atmosphere. A new minerals industry will be created, commencing with the production and export of zircon, an essential ingredient in ceramics.
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