Business
Titan Mining Adopts Dividend Policy and Declares Quarterly Cash Dividend
VANCOUVER, British Columbia, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) announces that its Board of Director
About this update from Titan Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) announces that its Board of Directors has adopted a policy to declare a quarterly cash dividend of C$0.01 per common share. In line with this policy, the Company’s Board of Directors has declared a cash dividend of C$0.01 per common share for the fourth quarter of 2022 (the “Q4 2022 Dividend”) for an aggregate quarterly distribution of approximately C$1.4 million based on the current number of shares outstanding. The Q4 2022 Dividend is payable on January 13, 2023, to shareholders of record as of the close of business on December 30, 2022. Don Taylor, President and CEO, commented, “The adoption of a Dividend Policy is a milestone in our evolution as a Company and a recognition of the confidence we are placing in our business.” The Q4 2022 Dividend will be designated an “eligible dividend” for Canadian tax purposes. About Titan Mining Corporation Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York state. Titan is built for growth, focused on value, and committed to excellence. For more information on the Company, please visit our website at www.titanminingcorp.com. Contact For further information, please contact: Investor Relations: Email: [email protected] Cautionary Note Regarding Forward-Looking Information Certain statements and information contained in this new release constitute \"forward-looking statements\", and \"forward-looking information\" within the meaning of applicable securities laws (collectively, \"forward-looking statements\"). These statements appear in a number of places in this news release and include statements regarding our intent, or the beliefs or current expectations of our officers and directors, including the adoption of a policy to declare a quarterly cash dividend of C$0.01 per common share; and timing of payment of the Q4 Dividend. When used in this news release words such as “to be”, \"will\", \"planned\", \"expected\", \"potential\", and similar expressions are intended to identify these forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-l...