EDMONTON, Alberta, January 17, 2007 - Titan Logix Corp. (TSX Venture: TLA), announced
today that it has sent a notice of redemption to the holders of its $200,000 outstanding principal
amount of 10% convertible debentures due April 21, 2009. The redemption date is February 16,
2007 at which time the principal owing under the debenture and the interest accrued to the
redemption date will become due and payable.
The debentures may be converted by the holders at any time before close of business on February
15, 2007, and are convertible to common shares at a rate of $0.066, equating to 15,151.5 shares of
the Company’s common stock per $1,000 principal amount of debenture. In the event all of the
debenture holders elect to convert their debentures the Company will issue an additional
This news release does not constitute a notice of redemption of the convertible debentures. The
redemption is made solely pursuant to the Company’s redemption notice dated January 17, 2007
and delivered to the debenture holders.
Titan Logix Corp. also reports that on January 16, 2007 it paid its outstanding loan and accrued
interest totaling $194,987 due to Agricultural Financial Services Corporation (AFSC).
The Company’s strengthened cash position is a result of its strong sales for the past eight quarters
and the proceeds from its short form offering. This has enabled the Company to eliminate its long
About Titan Logix Corp.:
Titan Logix Corp. is an advanced technology industrial instrumentation and controls company
focused on the design, manufacturing, distribution, product support and servicing of its
instrumentation and automation technologies primarily for the oil and gas, chemical and
transportation industries. The Company’s mission is to be the North American market share
leader in mobile tank level measurement and control while maintaining its market
interests in burner management and level gauging.
Titan Logix Corp.’s range of products includes:
- Guided wave radar liquid gauging and control systems for mobile tankers
- Electronic burner control systems for atmospheric industrial heaters;
- Mechanical and electronic liquid level gauging systems for storage tanks and process
- Communication and control systems enabling remote telemetry management of site
- Mud level monitoring for oil and gas drilling well control
For further information, please contact:
Les J. Evans, President& Chief Executive Officer
Ph: 780 462-4085 (Edmonton)
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained in this news release is forward-looking and is subject to unknown risks and
uncertainties. The actual results, performance or achievements of the Company may differ materially from the
results, performance or achievements of the Company expressed or implied by such forward-looking statements.
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