Titan Minerals announces that it has applied to the Ontario Securities Commission, as principal regulator, for an order that Titan has ceased to be a reporting issuer in Ontario, BC Alberta and Québec. Titan is not a reporting issuer in any other Canadian jurisdiction. If the requested order is made by the OSC, Titan will cease being a reporting issuer in any jurisdiction in Canadadf. Notwithstanding a decision that Titan [...]
Titan Minerals Ltd. CEO Melanie Leighton discusses with Proactive results from the remaining six drill holes of its maiden eight-hole diamond drilling campaign at Copper Ridge porphyry prospect within the Linderos Project in southern Ecuador. Additional broad intervals of porphyry copper-style mineralisation were intersected from the surface in diamond drilling. Contact Details Proactive Investors Jonathan Jackson +61 [...]
Core Gold Inc. announces that following close of business on May 19, 2020, the Company effected the consolidation of its issued and outstanding common shares on a 75,000,000 to 1 basis, with the result that Titan Minerals Ltd. became the sole shareholder of the Company, and the Common Shares were thereafter voluntarily delisted from trading on the TSX-V. Together, the Consolidation and the Delisting represent the [...]
In response to logistical challenges posed by the COVID-19 pandemic, Titan Minerals Ltd. has announced that it is postponing the filing of its audited annual financial statements for the year ended December 31, 2019 and associated management’s discussion and analysis . Titan’s announcement comes in connection with an Ontario Securities Commission order under Ontario Instrument 51-502 dated March 23, 2020, pursuant to [...]
90% At final expiry of the Offer period, Core Gold shareholders have tendered a total of 90.82% of the outstanding Core Shares to the Offer Titan to take-up and pay for the Core Shares tendered prior to expiry Upon take-up of the tendered shares, Titan will own 91.32% of Core Gold shares Titan now intends to pursue the delisting of Core Gold, and the acquisition of all remaining Core Shares via a second step transaction [...]
HIGHLIGHTS Core Gold shareholders have now tendered 82.34% of the outstanding Core Shares to the Offer Titan to take up and pay for the Core Shares tendered to date Upon take-up of the deposited Core Shares, Titan will hold 83.31% of Core Gold, including the 5.48% held on commencement of the Offer Having secured in excess of the 66.6% requirement, Titan now intends to pursue the delisting of Core Gold, and the acquisition [...]
HIGHLIGHTS Titan meets Minimum Tender Condition to Core Gold Offer with 53.3% of Core Shares now tendered by Offer Expiry Titan to take up Shares tendered to date and pay for the Shares taken up Titan has extended the period Core shareholders have to tender their Shares under the Offer until 9:00 a.m. on January 27, 2020 All conditions of the Offer have now been met with Titan shareholders approving Core Share Issue at a [...]
Titan Minerals Ltd. is pleased to announce it has received firm commitments to raise gross proceeds of A$3.5 million via the issue of 21,875,000 new fully paid ordinary shares at an issue price of A$0.16 per Share . The Placement was strongly supported by domestic and offshore sophisticated and institutional investors. Canaccord Genuity Limited acted as underwriter and lead manager to the Placement. Placement Details [...]
Offer raised to 3.1 Titan Minerals Ltd. shares for each Core Gold Inc. 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 in receipt of lock-up arrangements for 76.4 million Core shares [...]
With a wealth of international experience in mining and equities markets, Titan Minerals has the board to successfully progress the company’s assets, as well as those of proposed takeover target Core Gold Inc. . Titan launched a formal bid for Core Gold earlier this month offering 2.5 fully paid ordinary shares of Titan for each Core Gold share, representing CAD$0.422 per Core Gold share – a 164% premium to [...]
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 as a substantially stronger balance sheet Offer is on improved terms than [...]
Keith Piggott, owning approximately 7% of the issued and outstanding shares of Core Gold Inc. today posted, to CoreTruth.ca, the December 2017 report by Peru’s Regional Directorate of Energy and Mines which includes disturbing details about the environmental track record of Titan Minerals Ltd.’s Tulin processing plant in Peru—a track record which could cost Titan tens of millions of dollars in [...]
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