amalgamtion approved - finally
NAR RESOURCES LTD. AMALGAMATES WITH
TITANIUM CORPORATION Inc.
Mr. George D. Elliott, Chairman and President of Titanium Corporation Inc., is pleased to announce that NAR Resources Ltd. and Titanium Corporation Inc. (formerly “Titanium Corporation of Canada Limited”) (“Titanium”) have completed the amalgamation previously approved by the shareholders of both companies to form “Titanium Corporation Inc.” (the “Company”).
Pursuant to the Amalgamation, 20,617,621 common shares of the Company were issued to the former shareholders of Titanium. After giving effect to the Amalgamation, the Company has 31,087,011 common shares, 682,500 A Warrants and 682,500 B Warrants issued and outstanding.
Following the Amalgamation, the directors and officers of the Company are as follows:
George Elliott - President, Chairman, Chief Executive Officer and Director
George Duguay - Chief Financial Officer and Secretary
William Welsh - Director
John Burke - Director
David McGrath - Director
Ronald Arnold - Director
The Company expects that it will receive all final approvals for the listing on the Montreal Exchange of the Company’s common shares issued to the former shareholders of Titanium on the Amalgamation as soon as possible. In the interim, all remaining outstanding common shares will trade under the name “NAR Resources Ltd.” and trading symbol “NRL”.
NOTE: The Company relies upon litigation protection for “forward looking” statements.
Dated: July 25, 2001 Stock Symbol: NRL-ME
ON BEHALF OF THE BOARD OF DIRECTORS (SIGNED) George D. Elliott L.L.B., Chairman
Telephone: (416) 955- 0715 Fax: (416) 955- 0790
nar-resources.com E-mail: ir@nar-resources.com |
