CDSG Comes to Terms with Noteholder to Decrease Outstanding Balance

Rhea-AI Summary

Titan Lithium Inc. (CDSG) settles a note with EROP Enterprises, LLC, reducing convertible shares by 1,600% to 18,000,000 shares. The settlement includes the issuance of 9,000,000 free trading shares and 9,000,000 restricted shares for 2 years, demonstrating commitment to the Titan Lithium Project.

Las Vegas, NV., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce it has come to a settlement agreement with EROP Enterprises, LLC on their note to issue 9,000,000 free trading shares and 9,000,000 shares restricted for a period of 2 years. This is a 1,600% reduction in convertible shares from 291 million to 18,000,000 shares emphasizing their commitment to the Titan Lithium Project. In the next quarterly filings, it will be reflected that this note has been settled in full.

About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA and The United Republic of Tanzania.

Contact:

Harp Sangha-Chairman

sanghaharp1964@titanlithiuminc.com                        

+1-702-595-2247

titanlithiuminc.com

Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.

FAQ

What is the recent announcement from Titan Lithium Inc. (CDSG)?

The recent announcement involves Titan Lithium Inc. (CDSG) settling a note with EROP Enterprises, LLC, resulting in a significant reduction in convertible shares and the issuance of free trading and restricted shares.

What is the impact of the settlement agreement on Titan Lithium Inc. (CDSG) stock?

The settlement agreement reflects the company's commitment to the Titan Lithium Project and may have a positive impact on the stock due to the reduction in convertible shares.

How many free trading shares and restricted shares are being issued as part of the settlement agreement for Titan Lithium Inc. (CDSG)?

As part of the settlement agreement, Titan Lithium Inc. (CDSG) will issue 9,000,000 free trading shares and 9,000,000 restricted shares for a period of 2 years.

What will be reflected in the next quarterly filings for Titan Lithium Inc. (CDSG) following the settlement agreement?

The next quarterly filings for Titan Lithium Inc. (CDSG) will reflect the settlement of the note with EROP Enterprises, LLC in full.