Titan Announces Quarterly Cash Dividend for Q1 2023
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Titan Announces Quarterly Cash Dividend for Q1 2023
Vancouver, B.C., March 7, 2022 – 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 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 factors that may cause actual results or events to vary materially
from those anticipated in such forward-looking statements, including the risks, uncertainties and other
factors identified in the Company's periodic filings with Canadian securities regulators. Such forward-
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looking statements are based on various assumptions, including assumptions made with regard to the
ability to advance exploration efforts at ESM; the results of such exploration efforts; the ability to secure
adequate financing (as needed); the Company maintaining its current strategy and objectives; and the
Company’s ability to achieve its growth objectives. While the Company considers these assumptions to
be reasonable, based on information currently available, they may prove to be incorrect. Except as
required by applicable law, we assume no obligation to update or to publicly announce the results of
any change to any forward-looking statement contained herein to reflect actual results, future events or
developments, changes in assumptions or changes in other factors affecting the forward -looking
statements. If we update any one or more forward-looking statements, no inference should be drawn
that we will make additional updates with respect to those or other forward-looking statements. You
should not place undue importance on forward-looking statements and should not rely upon these
statements as of any other date. All forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary statement.