Business
Former Iluka CEO joins Titanium Corporation Board
Former Iluka CEO joins Titanium Corporation Board.
About this update from Cvw Sustainable Royalties Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Nov. 29 /CNW/ - Titanium Corporation Inc. (TSXV:TIC) Executive\nChairman, George Elliott, today announced the appointment of Malcolm\nMacpherson as Director of the Corporation. Mr. Macpherson is a leader in the\nmineral sands industry with a distinguished 25-year career as a senior\nexecutive and Chief Executive Officer of Iluka Resources Ltd., the world's\nlargest combined titanium and zircon mineral producer.\nMr. Macpherson was instrumental in forming Iluka Resources in 1999\n(formerly Westralian Sands Ltd) and helped grow the company to its paramount\nposition in the mineral sands industry.\nMr. Macpherson has served as head of the Western Australian Chamber of\nMinerals and Energy, and as Senior Vice President of the Minerals Council of\nAustralia. He also served a decade as Chairman of Western Power Corporation.\nMr. Macpherson currently holds directorships with a number of organizations\nincluding, Chairman of CRC Sustainable Resources Processing.\n\"Malcolm Macpherson brings to Titanium Corporation an unparalleled depth\nof mineral sands and industry leadership experience,\" says Titanium\nCorporation Executive Chairman, George Elliott. \"I am delighted to have him\njoin Titanium Corporation's Board of Directors at this important stage in the\ndevelopment of the Company's Oil Sands project.\"\n\"I would also like to congratulate John Zaozirny on his recent\nappointment as Chairman of Provident Energy,\" continues Elliott. \"John will be\nretiring from Titanium Corporation's Board to take on his new\nresponsibilities. On behalf of the Board and Management team, I would like to\nthank John for his valued advice and contributions to the Company.\"\nIn accordance with being appointed a Director of Titanium Corporation,\nMalcolm Macpherson has been issued 75,000 stock options exercisable at $2.30\nper share for a period of five years, subject to the Corporation's stock\noption plan and to regulatory approval.\n\nAbout Titanium Corporation\n--------------------------\n\nTitanium Corporation Inc. is a Toronto-based mineral development company\nwhose shares are listed on the TSX Venture Exchange under the symbol \"TIC\",\nU.S. clearing symbol \"TITUF\", CUSIP Number: 88833T104. The Company's mission\nis to become the first titanium and zircon sand producer from Canada's oil\nsands. Through extensive research, ...