TORONTO, Nov. 19 /CNW/ - Titanium Corporation Inc. (TSX-V:TIC) today
announced the appointment of C. Bruce Burton as a Director of the Corporation.
Mr. Burton is an experienced corporate executive with more than 25 years
experience in the natural resources sector.
Mr. Burton held senior management positions with BlackRock Ventures Inc.,
a heavy oil firm, and served as Director until its sale to Shell Canada in
2006 for $2.4 Billion.
For the past four years Mr. Burton has been Vice President and Chief
Financial Officer of Dundee Precious Metals Inc. and a key member of the
management team that built the Company. During his extensive career in the
mining industry, he has held executive positions with Rayrock Resources Inc.
and Minera Rayrock Inc. (Vice President Finance and President), Camflo Mines
Inc. and Discovery West Inc.
Mr. Burton received an Honours degree in Business Administration from the
University of Western Ontario, a Masters of Business Administration from York
University and is a Chartered Accountant.
"Bruce Burton brings extensive experience from the mining and oil
industries and exceptional financial expertise to the Board," says Titanium
Corporation acting Chairman, Eric Slavens. "We are delighted to welcome him to
the new team as we continue to advance our oil sands heavy minerals recovery
Titanium Corporation also announces the retirement of Ron Arnold from the
Board of Directors. Mr. Arnold has been a Director for the past eight years
and the Board wishes to thank him for his dedicated service.
In accordance with being appointed a Director of Titanium Corporation,
Mr. Burton has been issued 75,000 stock options exercisable at $2.00 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
minerals recovery project in the Fort McMurray, Athabasca oil sands region.
Through extensive research, including the construction and operation of pilot
processing facilities, the Company has developed proprietary processes and
technology to recover valuable titanium-bearing minerals and zircon from oil
sands tailings. Titanium Corporation's technology could be applied to existing
and planned mined oil sands projects with the objective of creating a new
sustainable minerals industry for Canada. Titanium Corporation Inc. shares
trade on the Toronto Venture Exchange (TSX.V) under the symbol TIC. For more
information, please visit our website 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: Scott Nelson, President & CEO, Titanium
Corporation Inc., (403) 561-0439, E-mail: firstname.lastname@example.org;
Carolyn Muir, Investor Relations, Titanium Corporation Inc., (416) 955-0715 X