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Titan Mining Announces Fourth Cash Dividend
VANCOUVER, British Columbia, June 16, 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, June 16, 2022 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) announces that its Board of Directors has declared a special cash dividend of C$0.01 per common share (the “Dividend”) for an aggregate distribution of approximately C$1.4 million based on the current number of shares outstanding. Don Taylor, President and CEO, commented, “Paying a special dividend for our fourth consecutive quarter is a milestone for the Company and is a testament to our dedicated management and workforce, who have succeeded in a rapidly changing environment challenged by health, manpower and supply chain issues as well as rising costs associated with inflation. We remain focused on the operations to keep costs low to maintain margins while increasing ore throughput.” The Dividend is payable on July 15, 2022, to shareholders of record as of the close of business on June 30, 2022. The Dividend will be designated an “eligible dividend” for Canadian tax purposes. The declaration, timing, amount, and payment of future dividends remains at the discretion of the Board of Directors. 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 timing of payment of the 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 su...