CVW Cleantech Inc Com V.TIC

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Titanium Corporation Announces Granting of Stock Options and Appointment of Corporate Secretary CALGARY, Alberta, Jan. 19, 2022 (GLOBE NEWSWIRE) Titanium Corporation Inc. (the Company or Titanium) (TSX-V: TIC) announces that it has granted an aggregate of: (i) 4,500,000 stock options ( Options ) to certain executive officers and directors of the Company in accordance with the Companys shareholder approved stock option plan. The stock options are exercisable at a price equal to $0.46, the closing price of the Companys common shares on the date the Options were granted. The stock options expire in five years and become fully vested on the earlier of: (1) execution of a commercial agreement with an oilsands producer to build a first plant; (2) if the common shares of the Company trade above $1.25 for each trading day of a 90 day period; and (3) the acquisition of 50% or more of the Companys common shares by a third party or parties acting in concert, subject to the policies of the TSX Venture Exchange. Unlike previous grants of stock options which vested based on the lapse of time, the Options will only vest on outcomes aligned with shareholder interests.