The Green River South property covers over 15,000 acres. The property has accessibility and is located about 90 miles by road from the Shootaring Canyon uranium mill currently owned by Uranium One Inc.
Titan Uranium also announces that certain option holders have agreed to the cancellation of an aggregate of 858,333 options to acquire common shares in the capital of Titan. The options that were cancelled had been held by various directors, officers and employees, pursuant to the company’s stock option plan, had exercise prices ranging from $0.44 to $2.02 per share and were set to expire between July, 2010 and July, 2011.
