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Ontario regulator issues Titan Resources warning

9/28/2012 2:31:30 PM | Stockhouse Editorial

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The U.S. Securities & Exchange Commission has suspended trading in shares of Titan for 10 days, ending October 9, 2012.

The Ontario Securities Commission is warning investors to exercise caution in any dealings with representatives of Titan Resources International Corp. (OTO: TNRI, Stock Forum), a company that is quoted on the U.S. over-the-counter market.

The move comes after the U.S. Securities and Exchange Commission suspended shares of Titan because “questions have arisen concerning the adequacy and accuracy of press releases and other public statements concerning Titan’s business operation and financial condition.’’

In a September 7, 2012 press release, Titan said it had executed an option agreement to acquire 100% ownership of a gold property in the Val D’Or mining region of northern Quebec.

Trading in shares of Titan has been suspended for 10 days, ending October 9, 2012.

Prior to the suspension, the stock traded at $0.0001. There are currently 28.9 million shares outstanding.

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