EX-FILING FEES

 

Calculation of Filing Fee Tables

 

 

FORM F-3
(Form Type)

 

TITAN MEDICAL INC.
(Exact Name of Registrant as Specified in its Charter)

 

 

Table 1: Newly Registered and Carry Forward Securities

 

 

 

  Security Type Security Class Title(1) Fee
Calculation
or Carry
Forward Rule
Amount
Registered
Proposed
Maximum
Offering Price
Per Unit
Maximum
Aggregate
Offering Price
Fee Rate Amount of
Registration Fee
Newly Registered Securities
Fees to be Paid Equity Common Shares, no par value Rule 457(o) (1) (1) (1)(2) $0.0000927 (1)(2)
Fees to be Paid Other Warrants Rule 457(o) (1) (1) (1)(2) $0.0000927 (1)(2)
Fees to be Paid Other Units Rule 457(o) (1) (1) (1)(2) $0.0000927 (1)(2)
Fees to be Paid Unallocated (Universal) Shelf Unallocated (Universal) Shelf Rule 457(o) $90,000,000(1)   $90,000,000(1)(2) $0.0000927 $8,343.00(1)(2)
  Total Offering Amounts   $90,000,000   $8,343.00
  Total Fees Previously Paid        
  Total Fee Offsets       $10,663.46
  Net Fee Due       $ 0

 

(1)There are being registered under this Registration Statement such indeterminate number of common shares, warrants, and units of the Registrant, and a combination of such securities, separately or as units, as may be sold by the registrant from time to time, which collectively shall have an aggregate initial offering price not to exceed US$90,000,000. The securities registered hereunder also include such indeterminate number of each class of identified securities as may be issued upon conversion, exercise or exchange of any other securities that provide for such conversion into, exercise for or exchange into such securities. Separate consideration may or may not be received for securities that are issuable on exercise, conversion or exchange of other securities. In addition, pursuant to Rule 416 under the Securities Act of 1933 (the “Securities Act”), as amended, the common shares being registered hereunder include such indeterminate number of common shares as may be issuable with respect to the shares being registered hereunder as a result of stock splits, stock dividends, or similar transactions. The proposed maximum initial offering price per security will be determined, from time to time, by the registrant in connection with the sale of the securities under this Registration Statement.

 

(2)Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(o) of the Securities Act.

 

Table 2: Fee Offset Claims and Sources

 

  Registrant or Filer Name Form or Filing Type File Number Initial Filing Date Filing Date Fee Offset Claimed Security Type Associated with Fee Offset Claimed Security Title Associated with Fee Offset Claimed Unsold Securities Associated with Fee Offset Claimed Unsold Aggregate Offering Amount Associated with Fee Offset Claimed Fee Paid with Fee Offset Source
  Rule 457(p)
Fees Offset Claims Titan Medical Inc. F-3 333-232898(3) July 30, 2019   $10,663.46 Unallocated (Universal) Shelf Unallocated (Universal) Shelf Unallocated (Universal) Shelf $87,982,326  
Fees Offset Sources Titan Medical Inc. F-3 333-232898(3)   July 30, 2019           $15,150
                         

(3)Attributable to US$87,982,326 of unsold securities (US$10,663.46 of previously paid fees) that were previously registered under the Registration Statement on Form F-3 (333-232898) on July 30, 2019 (the “Prior Registration Statement”) that have not yet been issued and sold. Pursuant to Rule 457(p) under the Securities Act, such unutilized filing fees may be applied to the filing fees payable pursuant to this Registration Statement, and the Prior Registration Statement and the offering of the unsold securities registered under the Prior Registration Statement will be deemed terminated as of the effective date of this Registration Statement.