Mr. Scott Nelson reports
TITANIUM ISSUES DEFERRED SHARE UNITS
Titanium Corp. Inc. has issued a total of 109,627 deferred share units (DSUs) of the company to non-executive directors under the company's shareholder-approved DSU plan in settlement of $81,124 of director compensation for the quarter ended Dec. 31, 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 74 cents, being the higher of the closing price of the common shares on the TSX Venture Exchange on Dec. 31, 2019, and the five-day weighted average price of the common shares for the period ended Dec. 31, 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.
© 2020 Canjex Publishing Ltd. All rights reserved.