Toronto, Ontario -- June 15, 2004, - Titanium Corporation Inc. (the "Corporation") [TSXV: TIC] today announced that it has retained AXINO AG, a specialist in the field of Corporate Communications based in Stuttgart, Germany, to perform investor relations services on behalf of the Corporation in Europe.
Mr. Wolfgang Seybold, President & CEO, will be the party primarily responsible for performing these investor relations services. Mr. Seybold became head of investor relations consulting at AXINO AG in July 2000 and is a member of AXINO's board of management being responsible to operations and corporate strategy. AXINO will distribute and disseminate information to present and potential European investors, fund managers, financial analysts, investment bankers, stockbrokers, financial media and other interested parties. AXINO will receive, review and screen investor inquiries on behalf of the Corporation and reply to or forward such inquiries to appropriate managers of the Corporation.
The term of the agreement with AXINO will be until December 2004 and is extendable for an additional six-month term, but is terminable upon 30 days notice by either party. Titanium Corporation has agreed to pay AXINO approximately $4,100 per month (2,500 EUR) for investor relations services including registration on its IR-portal www.goldinvest.de. Titanium Corporation has also agreed to reimburse AXINO for its reasonable out of pocket expenses pre-approved by the Corporation.
Titanium Corporation has also agreed to pay approximately $22,900 (14,000 EUR) for assistance with obtaining a listing of Titanium Corporation's shares on the Frankfurt stock exchange including stock exchange fees as well as assisting the Corporation with the preparation and submission of the listing application. As part of this fee, AXINO will introduce the Company to private investors and program the Corporation's German Corporate website.
About Titanium Corporation
Titanium Corporation Inc. is a Toronto-based mineral exploration and development company whose shares are listed on the TSX Venture Exchange under the symbol "TIC", U.S. clearing symbol "TITUF", CUSIP Number: 88833T104. Titanium Corporation is the world leader in the recovery of titaniumbearing minerals and zircon concentrates from Canada's oil sands. On June 4, 2003, Titanium Corporation entered into a three-way two-year exclusivity agreement amongst itself, Syncrude Canada Ltd. and a major titanium dioxide pigment producer, to jointly explore and develop the potential for recovering titanium-bearing minerals and zircon from Syncrude's centrifuge plant tailing stream. Titanium Corporation also controls a well-advanced 102 square kilometer mineral sand deposit located on the Shubenacadie River, Nova Scotia, Canada. For more information, please visit www.titaniumcorporation.com .
Disclosure regarding forward-looking statements
Note: This press release contains projections and forward-looking statements regarding future events. Such forwardlooking statements are not guarantees of future performance of the Corporation and are subject to risks and uncertainties that could cause actual results and the Corporation's plans and objectives to differ materially from those expressed in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
For further information:
George Elliott, Chairman
Titanium Corporation Inc.
(416) 955-0715 X 222
John Oxenford, Senior Vice-President
Titanium Corporation Inc.
You can view the Next News Releases item: August 11, 2004, Titanium Corp Announces Successful Commissioning of West Mill Producing Positive Assay Results
You can view the Previous News Releases item: May 26, 2004, Titanium Corp Celebrates Opening of Worlds First Facility to Recover Titanium and Zircon
You can return to the main News Releases page, or press the Back button on your browser.