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Titanium Corporation appoints new Chief Financial Officer, relocates head office to Edmonton, Alberta and grants stock options
EDMONTON, May 1 /CNW/ - Titanium Corporation Inc. (the "Company") (TSX-V: TIC) today announced th...
About this update from Cvw Sustainable Royalties Inc.
[{"type":"text","content":"\n\n\n\nEDMONTON, May 1 /CNW/ - Titanium Corporation Inc. (the "Company") (TSX-V:\nTIC) today announced the appointment of Vincent J. Gallant as the new Chief\nFinancial Officer. During a transition period Mr. Gallant will work closely\nwith the current Chief Financial Officer, Victor Wells, until June 2009.\n\n\nVincent Gallant was most recently the acting Chief Financial Officer of\nNorth American Energy Partners Inc. (TSX and NYSE: NOA) where he held various\npositions including Vice President, Finance and Vice President, Corporate.\nPreviously, Mr. Gallant held a number of positions, including Comptroller at\nAlberta Energy Company Ltd. and Controller for Edmonton Telephones. He\nobtained his Chartered Accountant Designation in 1983.\n\n\n"We are extremely pleased to welcome Vince to the management team. His\nbackground in the oil sands industry and financial expertise are a good fit\nfor the Company and he will provide great value that will assist us in\nachieving our long-term objectives." stated Scott Nelson, the Company's\nPresident and Chief Executive Officer.\n\n\nAll aspects of the Company's business model have been reviewed and steps\nare underway to consolidate functions and more efficiently support the core\nresearch and development programs. As part of this initiative, the Company\nmoved its head office to Edmonton, Alberta on May 1, 2009. Instead of\nrelocating to Edmonton, the current Chief Financial Officer, Mr. Wells, will\ncontinue to focus on his role as a Corporate Director.\n\n\nEffective today, the Board of Directors also approved the grant of\n150,000 incentive stock options to Mr. Vincent Gallant and 250,000 incentive\nstock options to Mr. Kevin Moran, Vice President, Process Development of the\nCompany. These stock options are all exercisable at $0.45 per share for a\nperiod of five years, pursuant to the Company's stock option plan and in\naccordance with the policies of the TSX Venture Exchange.\n\n\nAbout Titanium Corporation Inc.\n-------------------------------\n\n\nTitanium Corporation Inc. is developing the technology necessary to\nrecover heavy minerals and bitumen contained in the waste tailings streams\nfrom oil sands mining operations near Fort McMurray, Alberta. The potential\nbenefits from this "Value from Waste" proposition are twofold. First, the\nrecovered ...