NORTH CHARLESTON, SC, Feb. 2, 2016 /CNW/ - The Article 6 Marital Trust created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07 (the "Trust") announced today that it has purchased 469,400 common shares of Titan Logix Corp. ("Titan") (TSX Venture: TLA) through the facilities of the TSX Venture Exchange at a price of Cdn$0.57 per share. Anita G. Zucker is the trustee of the Trust.
The 469,400 common shares purchased by the Trust represent approximately 1.83% of the issued and outstanding common shares of Titan.
Prior to the transaction, the Trust owned 4,417,700 common shares, or approximately 17.22% of the issued and outstanding common shares of Titan. As a result of the transaction, the Trust owns 4,887,100 common shares, or approximately 19.05% of the issued and outstanding common shares of Titan.
The common shares of Titan were acquired for investment purposes. The Trust may acquire additional shares Titan, subject to price and availability.
SOURCE The Article 6 Marital Trust Created Under The Jerry Zucker Revocable Trust
For further information: Robert Johnston, 4838 Jenkins Avenue, North Charleston, South Carolina, 29405, (843) 744-5174