UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 67926 / September 26, 2012
The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Titan Resources International, Corp., (“Titan”) commencing at 9:30 a.m. EDT on September 26, 2012, and terminating at 11:59 p.m. EDT on October 9, 2012:
The Commission temporarily suspended trading in Titan because of questions regarding the adequacy and accuracy of information about Titan, including, among other things, its business operations and current financial condition. Titan’s ticker symbol is TNRI.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by Titan.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the above-named securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
The Commission acknowledges the assistance of the Ontario Securities Commission in connection with this matter.
If any broker, dealer or other person has any information which may relate to this matter, they should immediately contact the following individual:
David Rosenfeld, (212) 336-0153 or rosenfeldd@sec.gov
Associate Regional Director, New York Regional Office
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UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
September 26, 2012
_________________________________________
:
IN THE MATTER OF : TITAN RESOURCES INTERNATIONAL, CORP. :
:: ORDER OF SUSPENSION OF TRADING
File No. 500-1 :
_________________________________________ :
It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Titan Resources International, Corp. (“Titan”). Titan is a Wyoming corporation purportedly based in Ontario, Canada. Questions have arisen concerning the adequacy and accuracy of press releases and other public statements concerning Titan’s business operations and financial condition.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of Titan.
THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed company is suspended for the period from 9:30 a.m. EDT, on September 26, 2012 through 11:59 p.m. EDT, on October 9, 2012.
By the Commission.
Elizabeth M. Murphy
Secretary
