- Titanium Corporation (TIC) closed its non-brokered private placement for gross proceeds of $5,000,000
- The company issued 25,000,000 units priced at $0.20 per unit
- The company intends to use the proceeds to commercialize its CVW technology and to settle $1.13M in deferred compensation
- Its CVW technology recovers bitumen, solvents, heavy minerals and water from oil sands froth treatment tailings
- Titanium Corporation is a clean technology innovator that offers solutions to the mining sector of Canada’s oil sands industry
- Titanium (TIC) opened trading at C$0.41 per share
Titanium Corporation (TIC) closed its previously announced non-brokered private placement for gross proceeds of $5,000,000.
The company issued 25,000,000 units priced at $0.20 per unit.
Each unit consists of one Titanium common share and one-half of one share purchase warrant.
Each warrant entitles the holder to acquire one common share priced at $0.30 for four years from the date of issuance.
The company intends to use the proceeds to commercialize its Creating Value From Waste (CVW) technology, including engineering and design costs, and to settle $1.13M in deferred compensation.
Its CVW technology recovers bitumen, solvents, heavy minerals and water from oil sands froth treatment tailings.
Titanium paid Canaccord Genuity Corp. $300,000 in cash and 1,500,000 non-transferrable warrants.
The common shares and warrants are subject to a four-month hold period.
Titanium Corporation is a clean technology innovator that offers solutions to the mining sector of Canada’s oil sands industry.
Titanium (TIC) opened trading at C$0.41 per share.