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World Titanium Resources Receives Increase In Shareholding From Mineral Deposits

In October, World Titanium Resources (ASX:WTR) raised A$2.6 million through a placement of 20,000,000 million shares at $0.13.

Mineral Deposits (ASX:MDL) Market Cap. $261 million subscribed for 18.0 million shares at $0.13 cents per share by way of the placement.

This has increased its interest in World Titanium Resources from 15.0% to 19.1%.

Jeff Williams was appointed as its chief executive officer to bring the flagship Toliara Mineral Sands deposit in Madagascar into production.

The company appointed Nicholas Limb and Michael Cuthbert as new directors to its board. Limb has served as chairman of Mineral Deposits, a mineral sands production and smelting company, since 1997.

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