Core Gold Inc. has entered into amending agreements with Titan Minerals Ltd. to further amend the terms of the US$2,500,000 principal amount of debt owing by the Company to Titan Minerals that came due and payable on March 31, 2019. As previously announced on October 25, 2019, Titan Minerals provided to Core Gold on September 13, 2019 notice that [...]
Core Gold Inc. is pleased to provide an update on its 100%-owned Dynasty Goldfield Project located in the province of Loja in Southern Ecuador. As previously announced by the Company on September 9, 2019, Core Gold renewed exploration efforts on the Dynasty Goldfield Project, specifically drilling in the Cerro Verde Target area with future plans to [...]
Core Gold Inc. announces that it has today filed a Supplemental Directors' Circular in response to the increased amended offer set forth in the Notice of Change and Variation dated December 17, 2019 from Titan Minerals Ltd. for all of the issued and outstanding common shares of Core Gold . On December 17, 2019, Titan amended the original Titan [...]
Core Gold Inc. is today providing this update to its previously announced strategic process. As well, on December 9, 2019, Core Gold announced that it was in advanced negotiations with another company as a result of that strategic process. Core Gold is also providing an update on those negotiations. Strategic Process Summary In July 2019, Core Gold [...]
Core Gold Inc. is today acknowledging the announcement made by Titan Minerals Ltd. dated December 9, 2019 in respect of its existing unsolicited offer to acquire all of the issued and outstanding Core Gold common shares that it does not already own. Titan has announced that it will improve the offer by increasing the consideration in the offer to [...]
Offer raised to 3.1 Titan Minerals shares for each Core Gold share, an increase of 24% over the original offer, representing a 227% premium to Core’s undisturbed price immediately prior to the announcement of Titan’s bid Core’s major shareholders enter into irrevocable lock-up undertakings to accept Titan’s bid. Titan is now [...]
Core Gold Inc. is today providing an update regarding the proposed amendments announced by Core Gold on August 21, 2019 to promissory notes issued by Core Gold in the aggregate principal amount of US$1.5 million and convertible promissory notes issued by Core Gold in the aggregate principal amount of US$1 million . As announced by Core Gold on [...]
Core Gold Inc. announces that it has today filed a Directors' Circular in response to the offer and take-over bid circular of Titan Minerals Ltd. for all of the issued and outstanding common shares of Core Gold . As stated in the Directors' Circular, the Board of Directors of Core Gold , in consultation with its independent financial and legal [...]
Core Gold Inc. is today acknowledging that it has received from Titan Minerals Ltd. an unsolicited offer to acquire all of the issued and outstanding Core Gold common shares that it does not own for consideration of 2.5 Titan ordinary shares for each 1 Core Gold common share . Take No Action Core Gold shareholders are advised to take no action [...]
Formal offer of 2.5 fully paid ordinary shares of Titan for each Core Gold common share held represents 164% premium to closing price of Core Gold shares on 13 September Compelling strategic rationale for merger, to create an emerging Latin American focused gold explorer, developer and producer, with a large portfolio in Ecuador and Peru, as well [...]
Core Gold Inc. is pleased to provide an update on its 100%-owned Copper Duke Project located in the province of Loja in Southern Ecuador. Copper Duke Exploration Exploration trenching on the El Huato target area of the Copper Duke project confirms a previously identified copper and gold soil anomaly , associated with an area of intrusive breccias [...]
Core Gold Inc. is today commenting on the announcement made by Titan Minerals Ltd. on September 16, 2019 stating that it intends to commence a formal take-over offer to purchase all of the outstanding Core Gold common shares that it does not own for consideration of 2.5 Titan ordinary shares for each 1 Core Gold common share . Core Gold cautions [...]
