17th Mar 2009 15:23
Notice of Substantial Shareholding
17 March 2009: Titanium Resources Group Ltd. ("Company") was notified on 12 March that Leopard Titanium Limited acquired 2,000,000 ordinary shares in the Company on 12 March at a price of 3.25p a share. As a result, Leopard Titanium Limited now owns 25,427,856 ordinary shares in the Company representing 10.85% of the Company's total issued share capital. Leopard Titanium Limited is a company registered in the British Virgin Islands in which Mr.Jean-Raymond Boulle is the sole shareholder and sole director. As previously disclosed, Mr. Boulle also directly owns a further 114,981,497 ordinary shares representing 49% of the Company's total issued share capital.
ENDS
For further information:
TRG
John Sisay, Chief Executive
Walter Kansteiner, Non-executive Chairman
Tel: +44 (0) 207 321 0000
Ambrian Partners Limited
Nominated Adviser
David Nabarro
Tel: +44 (0) 20 7634 4700
Arbuthnot Securities
John Prior
Tel: +44 (0) 20 7012 2000
Aura Financial
Michael Oke/Andy Mills
Tel: +44 (0) 207 321 0000
Titanium Resources Group
Titanium Resources Group is a mining company with operations in the Republic of Sierra Leone. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group's operations historically accounted for over 65 per cent of the exports of Sierra Leone.
Related Shares:
SRX.L