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Titan Mining Announces Quarterly Cash Dividend for Q1 2023
VANCOUVER, British Columbia, March 07, 2023 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) announces that its Board of Directo
About this update from Titan Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 07, 2023 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) announces that its Board of Directors has declared a quarterly 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. This represents a C$0.04 dividend on an annualized basis and an annual dividend yield of 6.5% based on Titan’s closing share price on the TSX on March 6, 2023, of C$0.61. This quarterly dividend declaration is consistent with the Company’s December 13, 2022 news release announcing the adoption by its Board of Directors of a policy to declare quarterly cash dividends of C$0.01 per common share. The Dividend is payable on April 14, 2023, to shareholders of record as of the close of business on March 31, 2023. 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 and any future dividends. 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 reasonab...