CALGARY, Alberta, Nov. 28, 2017 (GLOBE NEWSWIRE) -- Titanium Corporation Inc. ("Titanium" or the "Company") (TSX-V:TIC) announced that certain officers of the Company have exercised 500,000 stock options for gross proceeds received by the Company of $500,000. In connection with these transactions, the officers sold an aggregate of 400,000 common shares of the Company from their underlying stock option exercises to fund the payment of the exercise prices and applicable taxes payable. A director of the Company, John W. Stevens, acquired, indirectly, an aggregate of 100,000 common shares of the Company through the stock option transactions. These transactions increased insider ownership, directly and indirectly, to 22.7% of the issued and outstanding common shares of the Company. Additionally, Arva Limited, a corporation that John W. Stevens is a director and officer of, acquired an aggregate of 300,000 common shares of the Company through the stock option transactions.
About Titanium Corporation Inc.
Titanium Corporation'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. CVW™ recovers bitumen, solvents and minerals 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 Venture Exchange under the symbol "TIC". For more information, please visit the Company's website at www.titaniumcorporation.com.
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