The Ontario Securities Commission (OSC) is warning Ontario investors to exercise caution in any dealings with representatives of Titan Resources International Corp.
Titan is headquartered in Toronto, however its shares trade on the over-the-counter market in the United States.
On January 12, 2010, the OSC added Titan to its Warning List advising the public that Titan is not registered to engage in the business of trading securities or advising investors with respect to investing in, buying or selling securities.
On September 26, 2012, the United States Securities and Exchange Commission (SEC) suspended trading in the shares of Titan because “Questions have arisen concerning the adequacy and accuracy of press releases and other public statements concerning Titan’s business operation and financial condition”.
Trading in the shares of Titan has been suspended for a period of 10 days, ending on October 9.