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Titanium Resources (SRX)

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Tuesday 17 March, 2009

Titanium Resources

Notice of Substantial Shareho

RNS Number : 0013P
Titanium Resources Group Ltd
17 March 2009

Notice of Substantial Shareholding

17 March 2009: Titanium Resources Group Ltd. ('Company') was notified on 12 March that Leopard Titanium Limited acquired 2,000,000 ordinary shares in the Company on 12 March at a price of 3.25p a share. As a result, Leopard Titanium Limited now owns 25,427,856 ordinary shares in the Company representing 10.85% 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 49% of the Company's total issued share capital.


For further information: 


John Sisay, Chief Executive 

Walter Kansteiner, Non-executive Chairman 

Tel: +44 (0) 207 321 0000 

Ambrian Partners Limited 

Nominated Adviser 

David Nabarro 

Tel: +44 (0) 20 7634 4700 

Arbuthnot Securities 

John Prior 

Tel: +44 (0) 20 7012 2000 

Aura Financial 

Michael Oke/Andy Mills 

Tel: +44 (0) 207 321 0000 

Titanium Resources Group 

Titanium Resources Group is a mining company with operations in the Republic of Sierra Leone. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group's operations historically accounted for over 65 per cent of the exports of Sierra Leone.

This information is provided by RNS
The company news service from the London Stock Exchange