Dec 16 (Reuters) - Titan Minerals Ltd TTM.AX :
* TO RAISE GROSS PROCEEDS OF A$3.5 MILLION VIA ISSUE OF 21.9 MILLION NEW SHARES
* INTENDS TO MAKE A PROPORTION OF FUNDS RAISED UNDER PLACEMENT AVAILABLE TO CORE BY WAY OF LOAN OR OTHER ARRANGEMENTS
* FUNDS RAISED TO BE USED FOR DEVELOPMENT OF DYNASTY GOLDFIELD PROJECT, SOUTHERN ECUADOR EXPLORATION PROGRAMS, AMONG OTHERS
* CERTAIN CORE SHAREHOLDERS ENTERED LOCK-UP AGREEMENTS COMMIT TO DEPOSIT CORE SHARES THEY OWN UNDER PUBLIC OFFER