Titan Medical Inc (TMDIF)

[itsallgood11]

Titan Medical Inc. (the "Company") (TSX VENTURE:TMD)(OTCQX:TITXF) announced today that the Company has granted, effective August 2, 2013, a total of 1,023,553 incentive stock options to Directors, Officers and Employees of the Company pursuant to its incentive stock option plan. These stock options are exercisable until August 2, 2018, at a price of $0.56. Stock options granted to Independent Directors vest immediately while stock options to Officers and Employees vest over a period of twelve months.