29 Sep 2009 07:00
Notice of Substantial Shareholding
29 September 2009: Titanium Resources Group Ltd (the "Company") was notified on 28 September 2009 that Leopard Titanium Limited has purchased a total of 950,000 ordinary shares in the Company ("Shares"), as set out below. As a result Leopard Titanium Limited now owns 26,477,856 Shares representing 11.30% 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 48.79% of the Company's total issued share capital.
As a result Mr. Boulle's total direct and indirect shareholding in the Company is 141,459,353 ordinary shares representing 60.09% of the Company's total issued share capital.
| Date | Shares purchased | Price |
| 21 Sept 2009 | 100,000 | 7.75p |
| 22 Sept 2009 | 50,000 | 8.00p |
| 24 Sept 2009 28 Sept 2009 | 600,000 200,000 | 7.90p 8.20p |
ENDS
For further information:
Titanium Resources Limited
John Sisay, Chief Executive
Walter Kansteiner, Non-executive Chairman
Tel: +44 (0) 207 321 0000
Arbuthnot Securities
Nominated Adviser & Broker
John Prior
Tel: +44 (0) 20 7012 2000
Aura Financial
Michael Oke / Andy Mills
Tel: +44 (0) 207 321 0000