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Titan Mining Corporation

09:38 AM EST - Titan Mining Corporation : Announced a US$10M bridge loan from the Company’s largest shareholder, Augusta Investments Inc. Proceeds from this loan have been used to repay part of the Company’s current credit facility with the National Bank of Canada bringing the outstanding amount down from $27.2 million to $17.2 million following the payment to NBC. The Company and Augusta Investments are in ongoing negotiations regarding terms of this loan and of the US$5M advance made by Augusta Investments earlier this year. Titan Mining Corporation shares T.TI are trading unchanged at $0.36.