On October 19, 2017, Titan Mining Corporation completed an initial public offering of common shares for total gross proceeds of approximately $50 million. Titan issued and sold 35,750,000 common shares from treasury at a price of $1.40 per common share. The syndicate of underwriters for the offering was co-led by Scotia Capital Inc., Canaccord Genuity Corp. and National Bank Financial Inc. and included PI Financial Corp.
Titan’s common shares commenced trading on the Toronto Stock Exchange under the symbol “TI” at the opening of trading on October 19, 2017.
Jamie Litchen of Cassels represented the underwriters.