Titanium Transportation Group Inc.
TSX VENTURE : TTR

Titanium Transportation Group Inc.

June 26, 2015 18:08 ET

Titanium Completes Employee Share Offering

WOODBRIDGE, ONTARIO--(Marketwired - June 26, 2015) - Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX VENTURE:TTR) is pleased to announce that, pursuant to a prior commitment, it has completed a private placement of shares to certain employees of Muskoka Transport Limited ("Muskoka"). The private placement was completed to allow Muskoka employees to purchase shares of Titanium after Titanium's acquisition of Muskoka on March 1, 2015. The private placement resulted in a total of 87,214 common shares of Titanium being purchased at a price of $2.80 for total gross proceeds of approximately $244,200. The closing of the private placement remains subject to TSXV approval. The Company intends to use the net proceeds for future acquisitions, general corporate and working capital purposes.

Mr. Ted Daniel, CEO of Titanium commented: "Titanium has a strong culture of employee ownership. The employees of Muskoka, can now participate in the next phase of Titanium's growth."

About Titanium

Titanium is a leading asset-based transportation and logistics company servicing Canada and the United States, with over 325 power units, approximately 1,100 trailers and over 400 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 800 customers. Titanium is a recognized consolidator of asset-based transportation companies in Ontario, having completed seven asset-based trucking acquisitions since 2011. Titanium has also been ranked by PROFIT magazine as one of Canada's Fastest Growing Companies for six consecutive years.

Cautionary statement regarding forward-looking statements

Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purposes of assisting the reader in understanding Titanium's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to Titanium's future outlook and anticipated events, and may include statements regarding the financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving Titanium. Particularly, statements regarding the terms and completion of the private placement, as well as the future results, performance, achievements, prospects or opportunities for Titanium or the industry in which it operates are forward-looking statements. In some cases, forward-looking information can be identified by terms such as "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "seek", "aim", "estimate", "target", "project", "predict", "forecast", "potential", "continue", "likely", "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts.

Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.

The forward-looking statements made in this press release are dated, and relate only to events or information, as of the date of this press release. Except as specifically required by law, Titanium undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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