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CVW Cleantech Inc Com V.TIC


Primary Symbol: TITUF

Titanium Corp Inc is engaged in Creating Value from Waste technology to recover valuable heavy minerals, bitumen, solvent and water from oil sands waste tailings. The recovery of bitumen, associated solvents and water from froth treatment tailings streams enables important and timely environmental improvements for the oil sands industry. The company has completed demonstration piloting which was the culmination of several years of progressive research and development of its proprietary...


OTCPK:TITUF - Post by User

Comment by diggin4alivingon Apr 18, 2019 8:07am
152 Views
Post# 29643061

RE:Something to look at TIC

RE:Something to look at TICHere's the full news article. Titanium") (TSX-V: TIC) announced that it intends to conduct a non-brokered private placement for not less than 4,300,000, and not more than 7,200,000, units of the Company ("Units" and each a "Unit") at a price of $0.70 per Unit. The minimum gross proceeds to be raised from the offering is $3,010,000 and the maximum gross proceeds to be raised is $5,040,000. Each Unit will consist of one common share of the Company ("Common Share") and one-half of one Common Share purchase warrant of the Company ("Warrant"), each whole Warrant entitling the holder to purchase one Common Share at an exercise price of $1.40 per Common Share for a period of three years following the issue date. Closing of the offering is expected to occur on or about May 9, 2019. The Company may pay cash selling commissions of up to six percent (6%) of the purchase price for the Units to certain third parties in connection with the offering, subject to the approval of the TSX Venture Exchange. In accordance with applicable securities laws, all Units issued under the offering will be subject to a hold period expiring four months and a day following the date of issue of the Units. Certain directors and officers of the Company have advised that they expect to subscribe for not less than 1,500,000 Units for gross proceeds of $1,050,000. Insider participation in the offering will be "related party transactions" within the meaning of Multilateral Instrument 61-101 ("MI 61-101"). The Company expects to rely on certain exemptions from the requirement under MI 61-101 to obtain minority shareholder approval for the insider portions of the offering. If the offering is over-subscribed, the participating directors and officers have advised the Company that they are prepared to reduce their respective participations in the offering to accommodate other investors. The proceeds of the offering will be used to fund the Company's ongoing efforts to commercialize its Creating Value from Waste(TM) (CVW(TM)) technology and for general working capital purposes. The Company expects that it will have sufficient funds to satisfy all of its anticipated expenses over the next 18 months assuming it raises the minimum portion of the offering with additional proceeds being used to accelerate its commercialization efforts with Canadian Natural Resources Limited as described in its press release dated March 21, 2019. Completion of the offering is subject to raising the minimum gross proceeds of $3,010,000 and the approval of the TSX Venture Exchange.
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