Titanium Corporation Inc. Executive Chairman, Gordon Pridham, today announced the appointment of Moss Kadey as a Director of the Corporation.
Mr. Kadey is the President and CEO of Mossco Capital Inc., a private venture capital and real estate investment company. Mr. Kadey has also been a long standing shareholder of Titanium Corporation holding approximately 9.9% of the issued and outstanding shares.
For the last thirty years Mr. Kadey has been a successful entrepreneur active in businesses as an executive, founder and shareholder. From 1995 to 2000 he financed, built and ran a New York based hair product company which was subsequently sold to Estee Lauder. In the period 1987 to 1995 he founded and built Brita International Holdings Inc., which had the North and South American rights to manufacture and distribute household water filtration products, and which was sold to Clorox Inc. in 1995. From 1977 to 1987 he was Vice President, Finance and Operations of Giftcraft Limited, a leading Canadian importer and distributor of gifts and novelties. Mr. Kadey currently serves as a member of the supervisory board of Hanvest Holdings GmbH, the parent company of Brita GmbH, a private international company based out of Germany which manufactures water filtration products for household and professional applications.
“Mr. Kadey’s entrepreneurial business experience and his commitment to Titanium Corporation as a shareholder will add great value to our Company,” says Titanium Corporation Executive Chairman, Gordon Pridham. “We are delighted to welcome him to the Board of Directors as we continue to advance our endeavors.”
In accordance with being appointed a Director of Titanium Corporation, Mr. Kadey has been issued 75,000 stock options exercisable at $0.70 per share for a period of five years, subject to the Corporation’s stock option plan and to regulatory approval.
About Titanium Corporation
Titanium Corporation Inc. is a Canadian company developing a commercial process to maximize the inherent value in the waste material contained in oil sands tailings in the Fort McMurray, Athabasca region by integrating the recovery of heavy minerals and bitumen. This technology would be applied to all mined oil sands operations delivering environmental benefits with the objective of creating a new sustainable industry for Canada. Titanium Corporation Inc. shares trade on the TSX.V under the symbol TIC. For more information, please visit www.titaniumcorporation.com.
For further information
Gordon Pridham, Executive Chairman, Titanium Corporation Inc., (416) 955-0715, E-mail: email@example.com
Carolyn Muir, Investor Relations, Titanium Corporation Inc., (416) 955-0715 X 224, firstname.lastname@example.org
Source: Titanium Corporation Inc.