Titan Minerals Addendum to Notice of General Meeting
Please refer to the following weblink:
investi.com.au
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Key detail ...... look at all the bloody dilution.
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AMENDMENT TO RESOLUTION 1
Resolution 1 of the Notice is deleted and replaced with the following:
Resolution 1 – Approval of the Issue of Core Offer Shares
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following:
"That, pursuant to and in accordance with Listing Rule 7.1 and for all other purposes, Shareholders
approve the issue of up to 566,814,339 Shares to Core Shareholders on the terms and conditions
in the Explanatory Memorandum."
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and a little further down :
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INSERT NEW RESOLUTION 3
Resolution 3 is inserted as follows:
Resolution 3 – Approval for the issue of Underwritten Placement Shares
To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution
the following:
"That, pursuant to and in accordance with Listing Rule 7.1 and for all other purposes, Shareholders
approve the issue of up to 21,875,000 Shares, each at an issue price of A$0.16, to raise A$3,500,000,
on the terms and conditions in the Explanatory Memorandum."
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So now we're looking at the folloiwing dilution:
296,566,718 - Current issued capital as at the date of this Notice
21,875,000 - Shares to be issued under the Underwritten Placement
566,814,339 - Core Offer Shares to be issued to Core Gold securityholders on a fully diluted basis
885,256,057 - Total
885,256,057 Shares
So ..... almost a BIllion shares .... .sure ......
What Titan MInerals doesn't tell you is they will eventually do yet another share consolidation ... say 10 : 1 .... and
then do another financing, bringing in all their buddies, and dilute the Core Gold shareholders equity stake down
to virtually nothing, ... just like the princiapls have done in the past with all the shareholders of their previous
company incarnations.
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DO NOT TENDER TO THE TITAN MINERALS OFFER
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What are the terms of the other offer that Core Gold has referred to ?
Some Cash ? Some Paper ? A $10 million financing ?
Anything would be better than almost a billion shares of worthless confetti paper. Even going it on our own .... with
a couple of useless backstabbing directors hastily removed from the board of our company.
Gregg Sedun and Javier Reyes lied to Core Gold shareholders, provided us with false and misleading information
by telling us not to take any action, while already having done so themselves more than a week prior to the December
9, 2018 Core Gold news release.
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GLTA ! |
