NOT FOR DISTRIBUTION IN THE UNITED STATES
VANCOUVER, British Columbia, Nov. 06, 2017 (GLOBE NEWSWIRE) -- Titan Mining Corporation
(“Titan” or the “Company”) (TSX:TI) today announces that the Underwriters of its previously
announced initial public offering (the “Offering”) have exercised their over-allotment option to purchase an
additional 1,200,000 common shares from Titan at a price of C$1.40 per share. The sale of these additional common shares closed
earlier today, following the closing on October 19, 2017 of the sale by Titan of 35,750,000 common shares. As a result, the total
Offering size was 36,950,000 common shares, for aggregate gross proceeds to Titan from the Offering of approximately C$51.7
million. The common shares began trading on the Toronto Stock Exchange on October 19, 2017 under the ticker symbol "TI".
The Offering was managed by a syndicate of underwriters led by Scotia Capital Inc., Canaccord Genuity Corp., and
National Bank Financial Inc. (the “Lead Underwriters”) and included PI Financial Corp. (collectively, with the
Lead Underwriters, the “Underwriters”).
The Offering was made only by means of a prospectus. The prospectus contains detailed information
about the securities offered. Copies of the prospectus may be obtained from Scotia Capital Inc. in Canada, Attention: Equity
Capital Markets (tel: 416-862-5837), Scotia Plaza, 64th Floor, 40 King Street West, M5H 1H1, Toronto, Ontario or from
www.sedar.com. Investors should read the prospectus before making an investment
decision.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The
common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the
“U.S. Securities Act”) or any state securities laws. Accordingly, the common shares may not be offered or
sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to
exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news
release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Titan in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About Titan Mining Corporation
Titan is a Canadian-based zinc exploration and development company with its principal asset being the Empire
State Mine in the State of New York. For more information on the Company, please visit our website at www.titanminingcorp.com.
Cautionary Note Regarding Forward-Looking Information
This press release contains certain forward-looking statements, including statements with regard to the Offering, the
use of proceeds from the Offering and the listing of the Offered Shares. Words such as “expects”, “anticipates” and “intends”
or similar expressions are intended to identify forward-looking statements. Forward-looking information is necessarily based
on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this press
release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results,
use of proceeds or timing of events to be materially different from those expressed or implied by such forward-looking information,
including but not limited to the factors described in greater detail in the “Risk Factors” section and other sections of the final
prospectus available at www.sedar.com. No securities regulatory authority has expressed an opinion about the securities described
herein and it is an offence to claim otherwise. Titan undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as may be required by law.
Contact
For further information, please contact:
Jerrold Annett – Senior Vice President, Corporate Development
Telephone: 416-366-5678 Ext. 207 | Email: jannett@titanminingcorp.com
Susan Muir – Vice President, Investor Relations & Corporate Communications
Telephone: 416-366-5678 Ext. 202 | Email: smuir@titanminingcorp.com
