SOURCE: Titan Resources International Corp.
TORONTO--(Marketwire - Sep 7, 2012) - Titan Resources International Corp. www.titan-resource.com (PINKSHEETS: TNRI) is pleased to announce that the company has executed an option agreement to acquire 100% ownership of a gold property located in the Abitibi gold belt of the Val D'Or mining region of northern Quebec, Canada.
The transaction will be closed on an all cash balance in a stress free and shareholder friendly structured payment format, namely no dilution of TNRI common shares. The agreement calls for a work commitment that is currently being discussed. This work commitment will be disclosed in a future press release and disclosure document along with a scheduled work table. Due to the area's mining history, activities and development coupled with rising commodity prices, there is currently a premium to exploration activities.
We are excited to begin this new venture and feel that this opportunity will provide positive results for our shareholders. The Company exploration program will be anywhere from 3 to 5 years and the goal is to update existing data embracing modern mineral exploration methods. The Company would like to advise all their shareholders that this is a due process, one meaning the drilling or production will not commence until after our exploration is completed.
Additional news will be released on a timely and frequent basis.
About Titan Resources International Corp.:
Titan Resources International Corp. is a publicly traded resource exploration company dedicated to the acquisition, exploration and development of small to medium size precious metals properties of exceptional merit. Please visit our company website at www.titan-resource.com.
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