Titanium Corporation Inc. Announces Appointment of Bruce Griffin to the Board of Directors
07 August 2019 - 10:00PM
Titanium Corporation Inc. (the "Company" or "Titanium")
(TSX-V: TIC) is pleased to announce the appointment of Mr.
Bruce Griffin to the Board of Directors (the
"
Board") 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 Strategic Development of Lomon Billions Group, the
world’s third largest producer of high performance titanium dioxide
pigments. Mr. Griffin has previously held senior management
positions in 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 as Vice President
Titanium for 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 caliber to the Company’s Board
of Directors," stated 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 $0.67 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 Corporation
Inc.
Titanium's CVW™ technology provides sustainable
solutions to reduce the environmental footprint of the oil sands
industry. Our 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: volatile organic compound and greenhouse gas emissions
are materially reduced; hot tailings water is improved in quality
for recycling; and residual tailings can be thickened more readily.
A new minerals industry will be created commencing with the
production and export of zircon, an essential ingredient in
ceramics. The Company's shares trade on the TSX-V under the symbol
"TIC". For more information please visit the Company's website at
www.titaniumcorporation.com.
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.
For further information, contact:
Scott Nelson |
Jennifer Kaufield |
President & CEO |
Vice President Finance & CFO |
(403) 561-0439 |
(403) 874-9498 |
snelson@titaniumcorporation.com |
jkaufield@titaniumcorporation.com |
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