NORTH CHARLESTON, SC, July 13, 2015 /CNW/ - The Article 6 Marital Trust created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07 (the "Trust") announced today that it has purchased 985,200 common shares of Titan Logix Corp. ("Titan") (TSX Venture: TLA) through the facilities of the TSX Venture Exchange at a price of Cdn$1.30 per share. Anita G. Zucker is the trustee of the Trust.
The 985,200 common shares purchased by the Trust represent approximately 3.84% of the issued and outstanding common shares of Titan.
Prior to the transaction, the Trust owned 2,309,200 common shares, or approximately 9.00% of the issued and outstanding common shares of Titan. As a result of the transaction, the Trust owns 3,294,400 common shares, or approximately 12.84% of the issued and outstanding common shares of Titan.
The common shares of Titan were acquired for investment purposes. The Trust may acquire additional shares Titan, subject to price and availability.
SOURCE The Jerry Zucker Revocable Trust