What Titan Iron Ore Corp (OTCBB:TFER) Is Expecting from GEL Properties LLC

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Las Vegas, NV -- (SBWIRE) -- 12/24/2013 -- Titan Iron Ore Corp (OTCBB:TFER) previously Digital Yearbook, Inc. serves as mineral resource exploratory company. TFER acquires and develops iron ore mining properties. The company investigates and examines presence and extent of these ores in the mineral property. The company is exploring 463 acres in the Wyoming Iron Complex. It also has 320 acres and 23 unpatented mining claims in Albany, Wyoming.

Titan Iron shared a one-year, 6% Convertible Redeemable Note. The Note is issued to GEL Properties LLC that will offer proceeds of $20,000. The investor already invested $17,000 of the total amount.

Titan Iron says that Note is convertible into common stock with 60% conversion price. the company issued another 6% Convertible Redeemable Promissory Note for principal amount of $34,159 to the GEL.

To find out what OTCMAGIC projects for Titan Iron Ore Corp for both short term and long term please click here: TFER

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