New Member to Titan's Board and Updating Our Information On Pinksheets.com
Making sure we are current regarding our information and disclosures is a crucial step in regards to the turnaround process. We see this as marking a transitional point. We had a flurry of information that came out in quick succession when we were getting a number of interrelated financial issues addressed. Now as we move more fully into developing projects the news may come a bit less often but what we will be saying is much more substantial. We will be dealing less with process related items and more with those that will positively affect the balance sheet We at Titan are pleased to announce that we have started our approach into full disclosure and compliance. We just recently added our full initial company information and disclosure statement as well as our financials up until 1st quarter 2008. It is management’s intention to maintain our financial reporting through Pink Sheets as well as obtaining “Current Information Status” which requires full disclosure almost identical to SEC reporting requirements. This is our first step prior to registering our filings with the SEC which is planning during the 3rd quarter. This is all possible now with the addition of Mr. Shelby Clark as Chief Legal Officer, Secretary and a Member of the Board of Directors. Please use the link below to obtain the statements.
While a “Current Information” designation is not a recommendation it is substantial since the company hasn’t met the requirements as set by Pink OTC Inc. as of August, 2007. “We’re going to continue to improve all aspects of the company because details matter,” stated Titan Oil and Gas President Brandon Toth. He continued, “I encourage investors to go over the documents, we worked hard to put them together and we think there is information in them that is important.”
Also with the addition of Mr. Shelby Clark this sparks the next phase of the Company including an aggressive approach of asset/project acquisition to expand production revenue as well as managements plan’s to become an environmentally friendly Company. These plans as well as the full business plan will be released and stockholder discussion will be available at the soon to be scheduled Annual General Meeting. We will be posting additional updates to the blog regarding the current status of our Texas and California projects and wells so please stay informed by visiting the blog regularly or signing up for our stockholder newsletter.
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Titan Oil and Gas Announces the Addition of a Board Member and Updates Information on Pink Sheets Listing Service Titan Oil and Gas Has Posted Both Its Disclosure Statement And Financial Filings As Required By Pinksheets.com To Meet Requirements for Full Compliance
AUSTIN, Texas--(BUSINESS WIRE)--Titan Oil and Gas Inc. (Pink Sheets: TNOG - News) is pleased to announce the addition of Mr. Shelby Clark to the Board of Directors. He will also be taking the positions of Secretary and Chief Legal Officer (CLO). Mr. Clark's experience in the small cap market is invaluable to our plans to move forward with project acquisition as well as bring the company's corporate books up to date. He holds a law degree from the University of California, Hastings, where he graduated magna cum laude and edited the Hastings Law Journal. Mr. Clark is admitted to the state bar associations in both California and Oregon. Mr. Clark's expertise ranges from seed-round and subsequent equity funding, bridge-note and other debt financings, acquisitions, and assisted on significant transactions up through initial public offerings.
He will also help the company achieve "Current Information Provider" on PinkSheets.com as well as help the company move to start our SEC filings. "I enjoy structuring innovative transactions and developing approaches that benefit all parties in business deals and partnerships," said Mr. Clark of his position's role within the company. "Our ability to act quickly and effectively, and the developing trust we have with our partners, pave the way for further growth."
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