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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Core Gold Inc | TSXV:CGLD | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.16 | 0.145 | 0.145 | 0 | 01:00:00 |
Take No ActionCore Gold shareholders are advised to take no action until the Core Gold board of directors (the "Board") has made a formal recommendation to shareholders. The Titan Offer will remain open for a minimum of 105 days, allowing Core Gold shareholders until January 14, 2020 to deposit Core Gold common shares to the Titan Offer.
Having received the formal Titan Offer, the Board will carefully evaluate the terms and conditions of the unsolicited Titan Offer with the assistance of its advisors. Shareholders will be notified of any recommendation through a news release and Directors' Circular in accordance with applicable securities laws.
Strategic ReviewOn September 17, 2019, Core Gold provided an update on its strategic review process of alternatives available to the Company, including equity or debt financings, core and non-core asset sales, strategic investments and joint ventures, as well as a potential merger of Core Gold with another company. The Company has requested that parties involved in the process formally express their interest in a transaction by not later than mid-October 2019. The Company remains committed to continuing its strategic review process.
About Core Gold Inc.
The Company is a Canadian based mining company involved in the mining, exploration and development of mineral properties in Ecuador. The Company is currently focused on gold production at its wholly-owned Dynasty Goldfield Project. Mineral is treated at the Company's wholly-owned Portovelo treatment plant. The Company also owns other significant gold exploration projects including the Linderos and Copper Duke area in southern Ecuador all of which are on the main Peruvian Andean gold-copper belt extending into Ecuador.
For further information please contact:
Mr. Mark Bailey, CEO, DirectorSuite 1201 – 1166 Alberni StreetVancouver, B.C. V6E 3Z3Phone: +1 (604) 345-4822Email: info@coregoldinc.com
Shareholders with questions can contact Core Gold’s information agent:Laurel Hill Advisory GroupNorth American Toll Free: 1-877-452-7184Collect Outside North America: 416-304-0211Email: assistance@laurelhill.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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