|January 02, 2018|
Titanium Issues Restricted Share Units
|Calgary, Alberta -- January 2, 2018 -- Titanium Corporation Inc. ("Titanium" or the "Company") (TSXV: TIC) announces that it has issued restricted share units of the Company ("RSUs") under the Company's shareholder approved restricted share unit plan (the "RSU Plan").
The Company issued an aggregate of 270,042 RSUs to certain officers of the Company under the RSU Plan in settlement of $324,050 of compensation owing to such officers as at December 31, 2017. Of the total, 249,208 RSUs vest immediately and 20,834 vest on December 31, 2018 and entitle the holder to acquire one common share (a "Common Share") of the Company underlying each such RSU by delivering a notice of acquisition to the Company and paying the required award price and withholding taxes, all in accordance with the RSU Plan.
In accordance with the RSU Plan, the RSUs were priced based on theclosing price of the Common Shares on the TSX Venture Exchange on December 29, 2017.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction. The Common Shares will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to a U.S. person, absent registration or an applicable exemption therefrom.
About Titanium Corporation Inc.
Disclosure regarding forward-looking statements
Neither the 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.
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