CVW Cleantech Inc Com V.TIC

News

[diggin4aliving]

Titanium Corporation Inc. ("Titanium" or the "Company") announced that it has issued an aggregate of: (i) 805,000 stock options to executive officers and directors of the Company in accordance with the Company's shareholder approved stock option plan; and (ii) 120,380 deferred share units of the Company ("DSUs") to non-executive directors under the Company's shareholder approved deferred share unit plan (the "DSU Plan") in settlement of $83,063 of directors' compensation for the quarter ended March 31, 2019. The DSUs are to be settled in common shares ("Common Shares") of the Company when the director retires from all positions with Titanium. The stock options are exercisable at a price equal to $0.69. The stock options expire in five years and vest over a period of 36 months with 1/3 of the options vesting at the end of each twelve-month period following the date of grant. In accordance with the DSU Plan, the number of DSUs issued was based on a market price of $0.69, being the higher of the closing price of the Common Shares on the TSX Venture Exchange ("TSXV") on June 10, 2019 and the 5-day weighted average price of the Common Shares for the period ended June 10, 2019.