October 30, 2007 09:46 ET

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

MONTREAL, QUEBEC--(Marketwire - Oct. 30, 2007) - On October 24, 2007, Crystalline Management Inc. ("Crystalline") acquired control of 29,200 Class "B" shares of Titan Exploration Ltd. (trading symbol "TTN.B" on the Toronto Stock Exchange "TSX") on behalf of accounts managed on a fully discretionary basis representing 2.88% of the issued and outstanding shares. Following this transaction, Crystalline controls or directs 136,700 Class B shares or 13.5% 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)