Mr. Scott Nelson reports
TITANIUM ISSUES DEFERRED SHARE UNITS
Titanium Corp. Inc. has issued an aggregate of 110,997 deferred share units of the company (DSU) to non-executive directors under the company's shareholder-approved deferred share unit plan in settlement of $83,233 of directors' compensation for the quarter ended Sept. 30, 2019. The DSUs are to be settled in 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 75 cents, being the higher of the closing price of the common shares on the TSX Venture Exchange on Sept. 30, 2019, and the five-day weighted average price of the common shares for the period ended Sept. 30, 2019.
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 tailings while economically recovering valuable products that would otherwise be lost.
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