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TTNUF > SEC Filings for TTNUF > Form 8-K on 12-Mar-2013All Recent SEC Filings

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Form 8-K for TITANIUM GROUP LTD


12-Mar-2013

Other Events


Item 8.01 Other Events.

On March 8, 2013, the Board of Directors of Titanium Group Limited (the "Company") made the decision to deregister the Company's common stock, par value $0.01 per share (the "Common Stock") because the financial and other costs to the Company of remaining a U.S. public company far outweigh the benefits to the Company and its shareholders of having the Common Stock registered. In particular, the difficulties faced by smaller Chinese companies in raising capital in the United States make it impossible to justify the significant expenses associated with audit, legal, regulatory and related expenses. By deregistering its Common Stock, the Company will be able to focus all of its efforts on continuing to grow its core business.

Accordingly, the Company has filed a Form 15 terminating the registration of the Company's Common Stock under Section 12(g) of the Securities Exchange Act of 1934 (the "Exchange Act"). The Company is relying on Rules 12g-4(a)(1) and 12h-3(b)(1)(i) under the Exchange Act, to terminate its duty with respect to the Common Stock. Accordingly, the Section 12(g) registration will be terminated 90 days after the filing of the Form 15, at which time the Company will have no further reporting obligations under the Exchange Act.

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