October 29, 2007 17:21 ET

Crystalline Management Inc. Announces Acquisition of Class B Shares of Titan Exploration Ltd.

MONTREAL, QUEBEC--(Marketwire - Oct. 29, 2007) - On October 23, 2007, Crystalline Management Inc. ("Crystalline") acquired control of 49,700 Class "B" shares of Titan Exploration Ltd. (TSX:TTN.A)(TSX:TTN.B) on behalf of accounts managed on a fully discretionary basis representing 4.91% of the issued and outstanding shares. Following this transaction, Crystalline controls or directs 107,500 Class B shares or 10.62% of the issued and outstanding Class B shares. Crystalline holds the Class B shares for investment purposes only, and not for the purpose of influencing the control or direction of Titan Exploration Ltd. Crystalline may, from time to time, subject to market conditions and other relevant factors, acquire ownership of, or control over, additional securities of Titan, or dispose of some or all of the existing or additional securities held or will hold.

Contact Information

  • To obtain a copy of the report required pursuant
    to the early warning reporting requirements
    Crystalline Management Inc.
    514-284-0249 (FAX)