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Core Gold Shareholders Have Tendered Majority Control to Titan Minerals

Transaction Details

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Fort Capital Partners is pleased to announce its role in the recent tender offer (the “Offer”) for Core Gold Inc (TSXV:CGLD) (“Core Gold“), from Titan Minerals Limited (ASX:TTM) (“Titan”). On January 14, 2020, Titan announced that 54.2% of the issued and outstanding shares of Core were tendered to the Offer that was initially announced on September 30, 2019 and subsequently increased on December 17, 2019.

Titan also announced that all of the conditions of the Offer have now been satisfied or waived by Titan. Once Titan has taken up the Core Shares tendered, Titan will own 56.7% of the issued and outstanding Core Shares.

Fort Capital has provided fairness opinion to the board of directors of Core Gold with respect to the Director’s Circular issued in response to the Offer.