Notifiable Interests and Directorate Changes

 

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RNS Number : 7622S 
Titanium Resources Group Ltd 
15 September 2010 
 

                            Titanium Resources Group 
                  Notifiable Interests and Directorate Changes 
15 September 2010: Titanium Resources Group Ltd ("TRG" or the "Company") 
announces that it has been notified that Pala Investment Holdings Limited 
("Pala") today purchased 114,981,497 ordinary shares of no par value in the 
Company ("Ordinary Shares"), representing approximately 29.8 per cent. of the 
Company's issued Ordinary Shares from Mr Jean-Raymond Boulle. 
 
As a result of this sale, Mr. Boulle (through Leopard Titanium Limited, a 
company registered in the British Virgin Islands in which he is the sole 
shareholder and sole director) is now interested in 31,459,856 Ordinary Shares, 
representing approximately 8.15 per cent. of the Company's issued Ordinary 
Shares. 
 
Pala is a US$1 billion multi-strategy investment company with a particular focus 
on mining and natural resource companies in both developed and emerging markets. 
 Pala's exclusive investment advisor, Pala Investments AG, is a Swiss based team 
with extensive experience within the mining and natural resource sectors.  Pala 
seeks to assist companies in which it has long-term shareholdings by providing 
strategic advice and innovative financing solutions. 
 
The Board of TRG has agreed that Pala will be entitled to nominate three 
Directors of the Company for so long as Pala holds 20 per cent. or more of the 
issued share capital of the Company.  In the event that Pala's shareholding is 
reduced to between 10 per cent. and 20 per cent. of the issued share capital of 
the Company, Pala will be entitled to nominate two Directors of the Company. 
 
The Company also announces that Rod Baker has today resigned from his position 
as a Non-executive Director of TRG with immediate effect. 
 
A further announcement regarding the appointment of Directors will be made in 
due course. 
 
Commenting on the announcement, Wayne Malouf, Executive Chairman of TRG said: 
 
"I and the rest of the Board would like to thank Rod Baker for his hard work and 
wise council over the last five years and we wish him all the best for the 
future. 
 
"I would also like to take the opportunity to welcome Pala as new shareholders 
in TRG.  I look forward to working with them to help capture the value inherent 
in the Company's assets." 
 
                                    --ENDS-- 
 
For further information: 
 
Titanium Resources Group 
Wayne Malouf (Executive Chairman) 
John Sisay (Chief Executive) 
Telephone: [phone] 
 
Arbuthnot Securities 
Nominated Adviser & Broker 
Hugh Field / Richard Johnson 
Telephone: [phone] 
 
Aura Financial 
Michael Oke / Andy Mills 
Telephone: [phone] 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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