Titanium Resources Group Press Releases
23 February 2011: Titanium Resources Group Ltd. (“TRG” or the "Company") is pleased to announce a cash placing by Mirabaud Securities LLP ("Mirabaud"), of 113,660,925 new ordinary shares (the "Placing Shares") at a price of 10 pence per share to raise (before expenses) approximately £11.4 million (US$18.3 million, EUR13.4 million) from investors (the "Placing" as further defined in Appendix II).
22 February 2011: Titanium Resources Group Ltd (“TRG”) is pleased to announce, as a result of its ongoing strategic review process, a JORC-compliant Mineral Resource for its subsidiary Sierra Rutile Ltd (“Sierra Rutile”) and the identification of potentially value-enhancing rare earths mineralisation in the Sierra Rutile tailings. The Mineral Resource estimate of approximately 600 million tonnes confirms Sierra Rutile’s standing as one of the largest natural rutile deposits in the world. Natural rutile is a premium form of titanium dioxide which trades at an approximate 20% premium to synthetic rutile and at a price 5-7 times that of ilmenite
21 February 2011: Titanium Resources Group Ltd, (the "Company") is pleased to announce that at its Meeting of Members held earlier today (the "Meeting"), all resolutions put to Members were duly passed.
14 February 2011: Titanium Resources Group Ltd. (“TRG” or “the Company") announces that it has appointed Mr. Joe Connolly as Chief Financial Officer with effect from 2 March 2011.
4 February 2011: Titanium Resources Group Ltd. (the "Company") announces that it is today posting a circular to Members (the "Circular") containing the notice of a Meeting of Members of the Company to be held at 12.30 p.m. on Monday 21 February 2011 at the offices of Herbert Smith LLP, Exchange House, Primrose Street, London EC2A 2HS (the "Meeting").
19 January 2011: Titanium Resources Group (“TRG”) is pleased to announce that, further to the announcement of 13 January 2011, it can confirm it has received valid Written Resolutions from a requisite majority of the Shares held by the Company’s Independent Shareholders consenting to Pala Investments Holdings Ltd’s (“Pala”) acquisition of Leopard Titanium Limited’s entire holding of 31,459,856 Ordinary Shares (“Shares”) in TRG (the “Acquisition”) without Pala being required to make an offer to the other holders of issued shares in TRG pursuant to Article 56A of TRG's Articles of Association.
13 January 2011: Titanium Resources (“TRG” or “the Company”) announces that it was notified on 12 January 2011 that Pala Investment Holdings Ltd (“Pala”) had that day acquired Leopard Titanium Limited’s (“Leopard”) entire 31,459,856 Ordinary Shares (“Shares”) in the Company (“the Acquisition”). Following the Acquisition, Pala now holds 146,441,353 Shares, representing approximately 37.95% of the Company’s issued Shares.
29 December 2010: Titanium Resources Group (“TRG” or “the Company”) today announces the full resolution of its dispute with the Government of Sierra Leone (the “Government”) regarding funds loaned by the Government to TRG’s subsidiary, Sierra Rutile Limited (“SRL”).
23 December 2010: The Board of Titanium Resources Group (“TRG”) today issues a pre-close trading update for the year ending 31 December 2010.
10 December 2010: Titanium Resources Group Ltd (“TRG” or “the Company”) is pleased to announce the appointment of Mr. Charles Entrekin Ph.D. today as a Non-Executive Director of the Company with immediate effect.
16 November 2010: Titanium Resources Group (“TRG” or “the Company”) announces that Mr. Raju Jaddoo will step down as a Non-Executive Director from the Board of TRG on 1 December 2010 to devote more time to his other business interests.
14 October 2010: The Board of Titanium Resources Group Ltd (“TRG” or “the Company”) is pleased to announce that it today appointed Michael Brown as a Non-Executive Director of the Company with immediate effect.
7 October 2010: Titanium Resources Group (“TRG” or the “Company”) is pleased to announce that it has reached an agreement in principle (the “Agreement”) to resolve the dispute between its subsidiary, Sierra Rutile Limited (“SRL”), and the Government of Sierra Leone (“GOSL or “Government”) which related to funds loaned by the GOSL to SRL.
30 September 2010: The Board of Titanium Resources Group Ltd (“TRG” or “the Company”) is pleased to announce that it yesterday appointed Jan Castro and Michael Barton as Non-Executive Directors of the Company with immediate effect.
15 September 2010: Titanium Resources Group Ltd (“TRG” or the “Company”) announces that it has been notified that Pala Investment Holdings Limited (“Pala”) today purchased 114,981,497 ordinary shares of no par value in the Company (“Ordinary Shares”), representing approximately 29.8 per cent. of the Company’s issued Ordinary Shares from Mr Jean-Raymond Boulle.
9 September 2010: Titanium Resources Group Ltd. (“TRG” or “the Company) announces its unaudited interim results for the six months ended June 30, 2010 (“the Period”)
20 August 2010: Titanium Resources Group Ltd (“TRG” or “the Company”) announces a revision to the estimate of full year production volumes from its Sierra Rutile mine, an update on the Dredge D3 project, and suspension of capital funding to its subsidiary, Sierra Rutile Limited (“SRL”), pending discussions with the Government of Sierra Leone (“GOSL”) relating to the SRL/GOSL loan.
10 August 2010: Titanium Resources Group Ltd (“TRG” or “the Company”) is pleased to announce the appointment of Mr. Wayne Malouf today as Executive Chairman of the Company with immediate effect.
10 June 2010: Titanium Resources Group (“The Company”) today held its Annual General Meeting at 9:00 am. Speaking at the AGM, John Sisay, Chief Executive, made the following statement.
10 June 2010: Titanium Resources Group (“the Company”) announces that all the resolutions proposed at the Company’s AGM, held on Thursday June 10 2010, were duly passed.
3 June 2010: Titanium Resources Group (“TRG” or “the Company”) announces that Walter Kansteiner has resigned as Chairman having served for a period of 5 years since joining the Company in February 2005 ahead of the IPO on AIM. The decision follows completion of a $25million capital raising and final settlement of all outstanding insurance claims (relating to the capsize of Dredge D2) which have together alleviated uncertainty about the Company’s plans to restore production growth.
26 May 2010: Titanium Resources Group Ltd has posted its 2009 Annual Report and Accounts to Shareholders together with the notice of Annual General Meeting to take place at the offices of Olswang, 90 High Holborn, London WC1V 6XX, United Kingdom on 10 June 2010 at 9:00 a.m. Copies of the Annual Report and Accounts are available in accordance with the AIM rules on the company's website at: www.titaniumresouces.com
26 April 2010: Titanium Resources Group Ltd ("TRG" or "the Company") is pleased to announce that following the mediation at the end of March, a final settlement has been reached with all remaining insurers in its subsidiary Sierra Rutile Limited's ("SRL") legal action relating to the capsize of Dredge D2 in July 2008.
March 23, 2010: Titanium Resources Group (“TRG” or “the Company”) announces preliminary results for the year ended 31 December, 2009.
5 March 2010: The Company was advised on 4 March 2010 that following the sale of 500,000 ordinary shares on 19 February 2010, Octopus Investments Nominees Limited no longer has a notifiable interest in the share capital of Titanium Resources Group Limited.
19 February 2010: Titanium Resources Group Ltd (“TRG” or “the Company”) announces a further update with regard to TRG and its subsidiary Sierra Rutile Limited’s (“SRL”) legal action against insurers over its outstanding claims relating to the capsize of Dredge D2.
26 January 2010: Titanium Resources Group (“TRG” or “the Company”) today issues an update prior to the publication of its Preliminary Results on Tuesday 23 March 2010. The Board is encouraged by the positive developments on a number of fronts: production, marketing and operations.
26 January 2010: Titanium Resources Group (“TRG” or “the Company”) is pleased to announce the appointment of Neil Gawthorpe to its senior management team as Marketing Director.
24 December 2009: Titanium Resources Group Ltd (“TRG” or “the Company”) announces a further update with regard to TRG and its subsidiary Sierra Rutile Limited’s (“SRL”) legal action against insurers over its outstanding claims relating to the capsize of Dredge D2.
17 December 2009: Titanium Resources Group (“TRG” or “the Company”) announces that following the placing of 151,200,000 new shares to raise US$25 million the Company has a total issued share capital of 385,864,075 shares.
16 November 2009: Titanium Resources Group Ltd (“TRG” or the “Company”), operator of one of the world’s largest natural rutile deposits, is pleased to announce that it has conditionally placed 151,200,000 new ordinary shares (the "Placing Shares") at a price of 10 pence per share to raise approximately US$25.0 million (gross) (£15.1 million) from investors (the "Placing").
9 November 2009: Titanium Resources Group (“TRG” or “the Company”) is pleased to announce that Mark Button has now joined TRG as Chief Operating Officer.
5 October 2009: Titanium Resources Group Ltd (“TRG” or “the Company”) announces an update with regard to TRG and its subsidiary Sierra Rutile Limited’s (“SRL”) legal action against insurers over its outstanding claims relating to the capsize of Dredge D2.
29 September 2009: Titanium Resources Group Ltd (the “Company”) was notified on 28 September 2009 that Leopard Titanium Limited has purchased a total of 950,000 ordinary shares in the Company (“Shares”), as set out below. As a result Leopard Titanium Limited now owns 26,477,856 Shares representing 11.30% of the Company's total issued share capital.
14 September 2009: Titanium Resources Group ("TRG" or "the Company") announces its interim results for the six months ended 30 June 2009 ("the Period").
8 September 2009: Titanium Resources Group (“TRG” or “the Company) will announce its Half-Yearly Results for the six months ended 30 June 2009, on 14 September 2009 at 7:00 am BST.
14 July 2009: Titanium Resources Group Ltd. ("the Company") is pleased to announce the appointment, with immediate effect, of Arbuthnot Securities Limited (“Arbuthnot”) as Nominated Adviser to the Company. Arbuthnot currently acts as Broker to the Company.
17 June 2009: Titanium Resources Group Ltd. ("the Company") was informed on 16 June 2009 that, on 15 June 2009, Ingalls & Snyder LLC ("I&S"), on behalf of its clients, acquired 1,610,000 ordinary shares in the Company and as a result, I&S now owns 9,541,000 ordinary shares in the Company representing 4% of the Company's total issued share capital.
11 June 2009: Titanium Resources Group (“TRG” or “the Company”) announces that all the resolutions proposed at the Company’s AGM, held on Thursday June 11 2009, were duly passed.
27 May 2009: Titanium Resources Group Ltd has posted its 2008 Annual Report and Accounts to Shareholders together with the notice of Annual General Meeting to take place at the offices of Olswang, 90 High Holborn, London WC1V 6XX, United Kingdom on 11 June 2009 at 9:00 a.m. Copies of the Annual Report and Accounts are available in accordance with the AIM rules on the company's web site at www.titaniumresources.com.
11 May 2009: Titanium Resources Group (“TRG” or “the Company”) is pleased to announce the appointment Mr. François Colette as a Non-Executive Director with immediate effect.
20 April 2009: Titanium Resources Group (“TRG” or “the Company”) is pleased to announce the appointment of Mr. Jean Lindberg Charles as Chief Financial Officer with immediate effect.
15 April 2009: Titanium Resources Group (“TRG” or “the Company”) is pleased to announce that it has reached a Settlement Agreement with Zurich Insurance in relation to the Company's insurance claims, following the capsizing of Dredge D2 in July 2008.
17 March 2009: Titanium Resources Group Ltd. ("Company") was notified on 12 March that Leopard Titanium Limited acquired 2,000,000 ordinary shares in the Company on 12 March at a price of 3.25p a share. As a result, Leopard Titanium Limited now owns 25,427,856 ordinary shares in the Company representing 10.85% of the Company's total issued share capital.
March 6, 2009: Titanium Resources Group (“TRG” or “the Company”) announces preliminary results for the year ended 31 December, 2008.
27 February 2009: Titanium Resources Group (“TRG” or “the Company) confirms that it has postponed the announcement of its preliminary results previously scheduled for announcement today. The accounts year ended 31 December 2008 are currently being finalised and the Company now expects to announce preliminary results on 6 March 2009.
20 February 2009: Titanium Resources Group Ltd. ("Company") was informed on 18th February 2009 that, on 20th January 2009, Ingalls & Snyder LLC ("I&S"), on behalf of its clients, acquired ordinary shares in the Company and as a result, I&S now owns 7,931,000 ordinary shares in the Company representing 3.38% of the Company's total issued share capital.
Titanium Resources Group (“TRG” or “the Company”) announces the appointment of Mr. Jean Lindberg Charles as a Non Executive Director.
Titanium Resources Group Ltd. (“TRG” or "the Company") was informed on 4th February 2009 that, on 29th December 2008, Robert L. Gipson acquired ordinary shares in the Company and as a result, Mr Gipson now owns 9,000,000 ordinary shares in the Company representing 3.84% of the Company's total issued share capital.
3 February 2009: Titanium Resources Group (“TRG” or “the Company”) announces the resignation of Len Comerford as Chief Executive Officer of the Company with immediate effect.
Titanium Resources Group Ltd (“TRG” or “the Company”) announces that it was notified by Ospraie Management LLC (“Ospraie”) on 23 January 2009 that Ospraie had disposed of its entire holding of 114,981,497 common shares of no par value (“the Holding”) in the Company for an undisclosed sum.
Titanium Resources Group (“the Company” or “TRG”) today issues an update on trading and progress during the period since the publication of its Interim Results on 10 September and Trading Update on 24 October (“the Period”) whilst trading in the Company’s shares in AIM has been suspended.
Titanium Resources Group Limited announces that Ambrian Partners Limited has been appointed as the Company's nominated adviser.
Update and Directorate Change Titanium Resources Group (“TRG” or “the Company”) today issues an update on developments following the incident at the Company’s Sierra Rutile mine on 25 July 2008.
Titanium Resources Group announces interim results for the six months ended 30 June 2008 and an operational update.
Titanium Resources Group Ltd. has confirmed that two persons are reported missing following an accident which occurred on the afternoon of Friday 25th July 2008 at the Company's Sierra Rutile mine.
25 July, 2008: Titanium Resources Group ("TRG" or "the Company") is pleased to announce the disposal of Global Aluminium Limited to Vimetco N.V. for a total cash consideration of US$40 million.
27 June 2008: Titanium Resources Group (“The Company”) today held its Annual General Meeting. Speaking at the AGM, Walter Kansteiner, Chairman, said:
Titanium Resources Group (“TRG” or “the Company”) announces that all the resolutions proposed at the Company’s AGM, held on Friday June 27 2008, were duly passed.
Titanium Resources Group Ltd has posted its 2007 Annual Report and Accounts to Shareholders together with the notice of Annual General Meeting
May 14, 2008: Titanium Resources Group (“TRG” or “the Company”) announces preliminary results for the year ended 31 December, 2007.
Titanium Resources Group (“TRG” or “the Company”) announces new appointments to the Board
25 February, 2008: The Board of Titanium Resources Group Ltd (“TRG” or “the Company”) announces that on 13 February 2008 it granted options over 1,450,000 common shares to all of the directors and 7 employees of the Company
04 February 2008: The Company announces that it has changed its Registered Agent and Registered Office
TRG raises $74m (£41m) via a Placing of 87,151,553 common shares at a price of 47p per common share (“the Placing”) and is admitted to AIM