CVW Cleantech Inc Com V.TIC

here's the $$

[rdww]

should put an end ot the drop in price one of these days Titanium arranges $8-million brokered equity financing Titanium Corp Inc TIC Shares issued 18,922,560 Jan 6 close $1.72 Wed 7 Jan 2004 News Release Mr. George Elliott reports TITANIUM CORPORATION ANNOUNCES FINANCING FOR ITS PILOT PLANT IN REGINA Titanium Corporation has signed a letter of engagement for a brokered private placement of up to $8,007,000 by issuing up to 4.71 million units at a price of $1.70 per unit. The terms of the offering have been set between Titanium Corporation and a syndicate composed of First Associates Investments Inc. and Dundee Securities Corp. Each unit will consist of one common share and one-half of one common share purchase warrant. One whole common share purchase warrant will entitle the holder to purchase one additional common share at an exercise price of $2.00 per share for a period of 18 months from the closing date. The proposed private placement is subject to receiving regulatory approval and the securities issued under the offering will be subject to a four-month hold period. It is contemplated that the offering will close on or before Jan. 31, 2004. First Associates will act as lead agent in placing the units and will be entitled to receive a commission of 7 per cent of the gross proceeds raised in the offering. In addition, First Associates will be granted non-transferable agent's compensation options equal to 8 per cent of the number of units sold under the offering. Each agent's compensation option will entitle the holder to acquire a unit at an exercise price of $1.70 per unit for a period of 12 months from the date of closing of the offering. Proceeds of the financing will be used to pay for the construction and operation of the pilot plant being constructed in Regina, Sask., at the facilities of the Saskatchewan Research Council for processing titanium- and zircon-bearing heavy minerals from Syncrude's centrifuge plant tailings stream, and for general corporate purposes (see news in Stockwatch dated Dec. 10, 2003). WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2004 Canjex Publishing Ltd. https://www.stockwatch.com Click here for company snapshot: https://new.stockwatch.com/utilit/utilit_snapsh_result.pasp?action=go®ion=C&symbol=TIC Click here for recent SEDAR documents: https://new.stockwatch.com/newsit/newsit_sedar_result1.pasp?searchtype=C&pagesize=200&symbol=TIC