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
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