Titan Mining Corp (NASDAQ: TIMCD) filing shows 54.6% control stake
Rhea-AI Filing Summary
Titan Mining Corp. disclosed that investor Richard W. Warke, together with his affiliated entities Augusta Ozama Investment LP and Augusta Investments Inc., beneficially owns 54.6% of Titan’s common shares on a partially diluted basis. Augusta Ozama holds 27,133,333 shares, while Augusta Investments holds 19,858,608 shares and 4,000,000 warrants exercisable at C$0.63 per share until November 1, 2028.
Warke’s total beneficial ownership includes his directly held shares and 1,433,333 stock options with various exercise prices and expiries, plus shares held through Ozama River Corp. The group states that the shares were acquired for investment purposes and to exert control over Titan Mining. They also note that, other than what is described here and in Titan’s registration statement filed November 13, 2025, they currently have no specific plans for major corporate changes such as mergers, asset sales, or board restructurings.
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FAQ
How much of Titan Mining Corp. (TIMCD) does Richard W. Warke beneficially own?
Richard W. Warke may be deemed to beneficially own 54,525,941 Titan Mining common shares, representing 54.6% of the company’s shares on a partially diluted basis.
What stake in Titan Mining Corp. (TIMCD) is held by Augusta Ozama Investment LP?
Augusta Ozama Investment LP owns 27,133,333 Titan Mining common shares, representing approximately 28.7% of the outstanding shares based on 94,490,000 shares.
What securities of Titan Mining Corp. (TIMCD) does Augusta Investments Inc. hold?
Augusta Investments Inc. holds 19,858,608 common shares and 4,000,000 warrants, each warrant exercisable for one share at C$0.63 until November 1, 2028, for a deemed beneficial ownership of 23,858,608 shares or 24.2% on a partially diluted basis.
Why did the reporting persons acquire shares of Titan Mining Corp. (TIMCD)?
The reporting persons state that they acquired Titan Mining for investment purposes and to exert control over the issuer, rather than to carry out any specific announced transaction.
Does this ownership filing for Titan Mining Corp. (TIMCD) disclose plans for major corporate actions?
The reporting persons state that, except as reported here and in Titan’s registration statement filed November 13, 2025, they do not currently have plans for mergers, major asset sales, board changes, or other significant corporate restructuring.
What stock options related to Titan Mining Corp. (TIMCD) does Richard W. Warke hold?
Richard W. Warke holds 1,433,333 options to purchase Titan Mining shares, including grants of 666,667 options at C$0.77 (expiring November 10, 2027), 500,000 options at C$0.54 (expiring April 16, 2029), and 266,667 options at C$1.83 (expiring September 4, 2030), with vesting schedules as described.