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Titan Mining Extends Credit Facility Maturity Date
VANCOUVER, British Columbia, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX: TI) (“Titan” or the “Company”) announces it has extended the matur
About this update from Titan Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX: TI) (“Titan” or the “Company”) announces it has extended the maturity date of its US$40 million credit facility (the “Credit Facility”) with National Bank of Canada (“National Bank”). The maturity date of the Company’s revolving credit facility has been extended from December 6, 2023 to December 6, 2024. Concurrently, the guarantee provided by the Company’s Executive Chairman through Augusta Investments Inc. and its related entity was also extended to December 6, 2024. Don Taylor, CEO commented, “I am pleased we were able to extend the maturity of the Credit Facility with National Bank to late 2024. This will provide flexibility to our capital structure and allow for capital and exploration investment at our Empire State Mine.” 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. ContactFor 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 future capital and exploration investment at Empire State Mine. 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-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other fact...