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TitanStar Properties launches common stock private placement

Real estate operating and management company TitanStar Properties Inc. launched a private placement of 1,989,667 common shares at 6 Canadian cents per share, for gross proceeds of C$119,380.

The company expects that all the shares will be subscribed for by two companies, of which two directors of TitanStar are officers.

Proceeds from the placement will be used to finance the company's ongoing operations and for general business purposes.