EDMONTON, ALBERTA — (Marketwired) — 01/20/15 — Titan Logix Corp. (TSX VENTURE: TLA) (“Titan” or the “Company”), an advanced technology industrial instrumentation and controls company announced today that at its annual and special meeting of shareholders held on January 19, 2015 (the “Meeting”), each of the five nominees proposed as directors and listed in its management information circular dated December 10, 2014 were elected as directors. The detailed results of the voting by proxy for each nominee are as follows:
An additional 3,224,763 shares were represented in the room and by a show of hands voted for the nominees.
At the Meeting, shareholders of the Company also approved the amendment to the Company–s stock option plan in order for the plan to continue to be fully compliant with all the current policy provisions of the TSX Venture Exchange. All other resolutions provided for in the management information circular were also duly passed.
Consistent with the prior year, the Board of Directors approved incentive stock options for the directors and officers of an aggregate of 120,000 shares which are exercisable over a five year period ending January 19, 2020 at a price of $1.14 per share. All options were granted in accordance with the Company–s stock option plan as approved by the shareholders on January 19, 2015.
About Titan Logix Corp.:
Founded in 1979, Titan Logix Corp. (“Titan” or “the Company”) is a high technology company specializing in Research and Development (R&D), manufacturing and marketing of advanced technology fluid management solutions. The Company–s products include Guided Wave Radar (GWR) gauges for level measurement and overfill prevention (particularly for use in mobile tanker applications), level gauges for storage tanks, and communication systems for remote alarming and control. Our products are currently used in the oil and gas, waste fluid collection, chemical and aviation industries. These technologies and their derivatives under development are applicable to a variety of additional markets which Titan plans to expand into at the appropriate time. A common practice in many of these markets is the use of manual methods for measurement and control. Due to safety considerations, the rising cost of many fluids, awareness and concerns about the environment and technological advancements enabling better operational efficiencies, we are experiencing an increased demand for our advanced technology products. We anticipate this demand will continue as we pursue expansion into other markets.
The products we manufacture are part of a complete asset management solution. The full solution consists of our own market leading products integrated with best-in-class third party solutions to enable our customers to benefit from complete fluid management, throughout each stage of their fluid handling processes. This is captured by our slogan “Advanced Technology Fluid Management Solutions, In the Field, On the Road, In the Office”.
Titan Logix Corp. is a public Company listed on the Toronto Venture Stock Exchange and its shares trade under the symbol, TLA.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements with information that may be forward-looking and subject to unknown risks and uncertainties. The actual results, performance and achievements of Titan Logix Corp. may differ materially from the results, performance and achievements expressed or implied by such forward-looking statements. These forward-looking statements may not relate strictly to historical or current facts. They represent management–s views as of the date of this press release and we assume no obligation to update them. We caution you not to place undue reliance on these forward-looking statements.
Contacts:
Titan Logix Corp.
Greg McGillis, P.Eng.
President and Chief Executive Officer
(780) 462-4085
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