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Titan to combine with Core Gold, create robust portfolio

Staff Writer |
Titan Minerals Limited Core Gold announced that the companies have entered into a binding arrangement agreement pursuant to which Titan will acquire all of the issued and outstanding Core Gold common shares by way of a share exchange.

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The merger will create a diversified Latin America focused ASX-listed gold company with a robust portfolio of exploration, development and production assets in both the emerging mining jurisdiction of Ecuador and the well-established mining jurisdiction of Peru.

The company will have a strong pipeline of growth opportunities.

The merger will be affected by means of a statutory plan of arrangement under the Business Corporations Act (British Columbia).

Each Core Gold shareholder will receive twenty (20) fully paid ordinary shares in Titan pre-consolidation ("Titan Shares") for every one (1) Core Gold common share (the “Exchange Ratio”).

Holders of Core Gold Options and Warrants will receive options in Titan on comparable terms, taking into account the Exchange Ratio under the Merger.


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