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Micro-Cap on the Move; Titan Iron Ore Corp. (TFER)

Shares of Titan Iron Ore Corp. (OTC: TFER), a Tucson, Arizona-based company engaged in the acquisition and development of iron ore exploration and development mining properties located in regions that enjoy stable politics, sound economics and friendly business environments, saw a huge rally in trading on Thursday.

TFER shares ended the day 38.82% higher at $0.590 on above average volume of 548,466. The stock has gained 130.89% in the last three trading sessions.

Titan Iron Ore recently announced that it granted incentive stock options to President and CEO Andrew Brodkey.

Brodkey has been granted stock options to acquire up to 800,000 common shares of TFER stock. The stock options are part of Brodkey’s remuneration package outlined in his employment agreement.

TFER also issued 200,000 options to Ronald Richman, who is a director at the company.

The stock options can be exercised at a price of $0.20 per share.

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