Titanium Transportation Group Announces Grant of Long Term Incentive Stock Options
January 29 2025 - 4:45PM
Titanium Transportation Group Inc. (“Titanium” or the “Company”)
(
TSX:TTNM, OTCQX:TTNMF) announces that the Company
has granted an aggregate of 393,900 stock options to employees and
directors of the Company. Each option entitles the holder to
purchase one common share of the Company at an exercise price of
$2.30 for a period of 10 years. Employee stock options vest over a
period of six years, with half vesting after three years. Director
stock options vest over a period of three years, with a third
vesting after each completed year.
The option grants were made in accordance with
the provisions of the Company’s Stock Option Plan and are subject
to approval by the TSX.
About Titanium
Titanium is a leading North American
transportation company with asset-based trucking operations and
logistics brokerages servicing Canada and the United States, with
approximately 850 power units, 3,000 trailers and 1,300 employees
and independent owner operators. Titanium provides truckload,
dedicated, and cross-border trucking services, logistics, and
warehousing and distribution to over 1,000 customers. Titanium has
established both asset-based and brokerage operations in Canada and
the U.S. with eighteen (18) locations. Titanium is a recognized
purchaser of asset-based trucking companies, having completed
thirteen (13) transactions since 2011. Titanium ranked among top
500 companies in the inaugural Financial Times Americas’ Fastest
Growing Companies in 2020. The Company was ranked by Canadian
Business as one of Canada's Fastest Growing Companies for eleven
(11) consecutive years. For four (4) consecutive years, Titanium
has also been ranked one of Canada’s Top Growing Companies by the
Globe and Mail’s Report on Business of Canada. Titanium is listed
on the Toronto Stock Exchange under the symbol “TTNM" and “TTNMF”
on the OTCQX.
CONTACT INFORMATION
Titanium Transportation Group Inc.Ted Daniel,
CPA, CAChief Executive Officer(905)
266-3011ted.daniel@ttgi.comwww.ttgi.com
For Investors James Bowen,
CFA416-519-9442James.Bowen@loderockadvisors.com
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