TORONTO, Sept. 28, 2012 /CNW/ - The Ontario Securities Commission (OSC)
is warning Ontario investors to exercise caution in any dealings with
representatives of Titan Resources International Corporation (Titan).
Titan is headquartered in Toronto, Ontario, however its shares trade on
the over-the-counter market in the United States.
On January 12, 2010, the OSC added Titan to its Warning List advising
the public that Titan is not registered to engage in the business of
trading securities or advising investors with respect to investing in,
buying or selling securities.
On September 26, 2012, the United States Securities and Exchange
Commission (SEC) suspended trading in the shares of Titan because "Questions have arisen concerning the adequacy and accuracy of press
releases and other public statements concerning Titan's business
operation and financial condition".
Trading in the shares of Titan has been suspended for a period of 10
days, ending on October 9, 2012.
The mandate of the OSC is to provide protection to investors from
unfair, improper or fraudulent practices and to foster fair and
efficient capital markets and confidence in capital markets. Investors
are urged to check the registration of any person or company offering
an investment opportunity and to review the OSC's investor materials
available at www.osc.gov.on.ca
If you have any questions or information relating to this matter, please
contact the OSC Contact Centre at 1-877-785-1555.
SOURCE: Ontario Securities Commission
For further information:
For Media Inquiries:
Manager, Public Affairs
Media Relations Specialist
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For Investor Inquiries:
OSC Contact Centre
1-877-785-1555 (Toll Free)