OTCPK:CRZNF - Post by User
Post by
hilleson Sep 24, 2003 1:26pm
243 Views
Post# 6453847
Does this thing mean something?
Does this thing mean something?I found that on stockwatch. Is this good or bad for us CZN shareholders?
September 19, 2003
For immediate release:
Titan Logix Corp is pleased with Canadian Zinc’s Prairie Creek announcement
Titan Logix Corporation (“TSX-TLA”) is pleased with the announcement that Canadian Zinc Corporation (“TSX-CZN”) has received approvals for mining exploration and development of the Prairie Creek silver zinc property located in the Northern Territories, Canada.
Titan retains a 2% net smelter royalty interest (“NSR”) on the Prairie Creek Mine property as well as 40% interest in the plant and equipment located on the property.
Canadian Zinc Corporation may acquire one-half of the 40% interest in the above by completing NSR payments of $3,200,000 CDN. Canadian Zinc may acquire the remaining interest with additional payments totaling $5,000,000 CDN, whereupon the Titan royalty interest will be terminated.
On behalf of the Board,
George F. Shaw
Chairman and Director
For further information contact:
Info@titanlogix.com
(877) 462-4085