TORONTO, July 23 /CNW/ - Titanium Corporation Inc. (TSX-V:TIC) Executive
Chairman, Gordon Pridham, today announced the appointment of Moss Kadey as a
Director of the Corporation.
Mr. Kadey is the President and CEO of Mossco Capital Inc., a private
venture capital and real estate investment company. Mr. Kadey has also been a
long standing shareholder of Titanium Corporation holding approximately 9.9%
of the issued and outstanding shares.
For the last thirty years Mr. Kadey has been a successful entrepreneur
active in businesses as an executive, founder and shareholder. From 1995 to
2000 he financed, built and ran a New York based hair product company which
was subsequently sold to Estee Lauder. In the period 1987 to 1995 he founded
and built Brita International Holdings Inc., which had the North and South
American rights to manufacture and distribute household water filtration
products, and which was sold to Clorox Inc. in 1995. From 1977 to 1987 he was
Vice President, Finance and Operations of Giftcraft Limited, a leading
Canadian importer and distributor of gifts and novelties. Mr. Kadey currently
serves as a member of the supervisory board of Hanvest Holdings GmbH, the
parent company of Brita GmbH, a private international company based out of
Germany which manufactures water filtration products for household and
"Mr. Kadey's entrepreneurial business experience and his commitment to
Titanium Corporation as a shareholder will add great value to our Company,"
says Titanium Corporation Executive Chairman, Gordon Pridham. "We are
delighted to welcome him to the Board of Directors as we continue to advance
In accordance with being appointed a Director of Titanium Corporation,
Mr. Kadey has been issued 75,000 stock options exercisable at $0.70 per share
for a period of five years, subject to the Corporation's stock option plan and
to regulatory approval.
About Titanium Corporation
Titanium Corporation Inc. is a Canadian company developing a commercial
process to maximize the inherent value in the waste material contained in oil
sands tailings in the Fort McMurray, Athabasca region by integrating the
recovery of heavy minerals and bitumen. This technology would be applied to
all mined oil sands operations delivering environmental benefits with the
objective of creating a new sustainable industry for Canada. Titanium
Corporation Inc. shares trade on the TSX.V under the symbol TIC. For more
information, please visit www.titaniumcorporation.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
For further information:
For further information: Gordon Pridham, Executive Chairman, Titanium
Corporation Inc., (416) 955-0715, E-mail: firstname.lastname@example.org;
Carolyn Muir, Investor Relations, Titanium Corporation Inc., (416) 955-0715 X