Titan Medical Inc (TMDIF)

[chickenlips]

Titan Medical Inc. ("Titan" or the "Company") (TMD) (otcqx:TITXF) is pleased to announce the terms of its previously announced public offering. The Company's U.S. placement agent and Octagon Capital Corporation (together, the "Agents") have agreed to offer units at a price of CDN$1.23 per Unit for total gross proceeds up to CDN$10,000,000 (the "Offering").

Each Unit shall consist of one common share (a "Share") of the Company and 0.75 common share purchase warrants. Each whole warrant shall entitle the holder thereof to acquire one Share of the Company at a price of CDN$1.60 for a period of 5 years following the Closing Date.