CDSG Note Settlement

Rhea-AI Summary

Titan Lithium Inc. (OTC Markets: CDSG) settles 8,000,000 shares note with Henning Mager, reflecting in next quarterly filings.

Las Vegas, NV, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce it as come to a settlement agreement with Henning Mager on his note to issue 8,000,000 shares restricted for a period of 2 years. In the next quarterly filings, it will be reflected that this note has been settled in full. There are no outstanding conversions.

About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA and The United Republic of Tanzania.

Contact:

Harp Sangha-Chairman

sanghaharp1964@titanlithiuminc.com                        

+1-702-595-2247

titanlithiuminc.com

Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.

FAQ

What is the settlement agreement between Titan Lithium Inc. (CDSG) and Henning Mager?

The settlement agreement involves the issuance of 8,000,000 restricted shares to Henning Mager, to be reflected in the next quarterly filings.

What is the duration of the restriction on the 8,000,000 shares issued to Henning Mager by Titan Lithium Inc. (CDSG)?

The shares issued to Henning Mager are restricted for a period of 2 years.

Are there any outstanding conversions related to the settlement agreement between Titan Lithium Inc. (CDSG) and Henning Mager?

No, there are no outstanding conversions related to this settlement agreement.