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Gold/Mining/Energy : Core Gold Inc -- Ignore unavailable to you. Want to Upgrade?

To: pstad60 who wrote (2111)	12/16/2019 8:14:47 AM
From: pstad60	Read Replies (1) \| Respond to of 2131

RE:Titan Minerals Update of Core Gold Takeover Offer DO NOT TENDER TO THE TITAN MINERALS OFFER Titan Minerals has had their hostile takeover offer out in the public for almost THREE MONTHS and they have barely been able to garner 51% of the Core Gold shares. Does that not indicate to level of mistrust, and disgust, that the vast majority of Core Gold minority shareholders have for Titan MInerals and their history of false and misleading statements issued to their own shareholders, as well as the well documented history of massively dilutive financings and issuances of shares to acquire "assets", "assets" that are usually just eventually tossed to the waste basket . Also consider that Core Gold minority shareholders are playing against a stacked deck. Titan has only managed to secure this ~51% with: 1. their own 9,151,363 shares they obtained in the March 2019 private placement 2 Vertex One's pledging of 9,579,940 shares ( what promises were made ?) 3. Two Core Gold directors actions in complete contradiction to the guidance they have been providing to their own Core Gold shareholders: - Gregg Sedun signing a lock up agreement for Alcaron Capital for 6,562,000 shares on Dec 3, 2019 - Javier Reyes signing lock up agreements on behalf of Credipresto SA de CV SOFOM for 15,770,171 on Nov 29, 2019, and InvestaBank for 4,116,073 also on Nov 29, 2019 One has to wonder what insider information Javier Reyes may have provided to his family members and a business associate, as the Javier Reyes associates also signed lock up agreements: - Rosa Maria de la Campa - 6,062,000 shares on Nov 29, 2019 - Oscar Reyes de la Campa - 4,798,645 shares on Nov 29, 2019 - Luis Ricardo Reyes de la Campa - 5,850,000 shares on Nov 29, 2019 - Abraham Sharfen - 554,898 shares on Nov 29, 2019 - Miguel Angel Gomez Valdes Valencia - 3,250,000 shares on Dec 2, 2019 ( an executive director of Javier Reyes' Accendo Bank) --------------------------------------------------------------------- 50.1% is only the first threshold, the more important threshold appears to be the 66 2/3%. If Titan can't get the 66 2/3 %, they have stated that their offer may be adversely affected from proceeding: Read page 44 of the Titan Takeover Circular, second paragraph of "Listing and Quotation" "If the Offer is completed but less than 66 2/3% of the issued and outstanding Core shares are tendered and not withdrawn under the Offer, then (i) Core will remain listed on the facilities of the TSXV and a reporting issuer under the securities Laws of each province and territory of Canada in which it has such status, (ii) the abiility of the offerer to proceed by way of either a Compulsory Acquisition Transaction or a Subsequent Acquisition Transaction generally on the terms described herein may be adversely affected." Then read page 45 of the Circular: Section 16. Acquisition of Core Shares Not Deposited Under the Offer Read definition of "Compulsory Acquisition" Read definition of "Subsequent Acquisition Transaction" THREE MONTHS .... and all Titan can muster is just over 50% .... something is seriously wrong with the valuation of Titan's share price on the Australian Stock Exchange. And Titan shares will conveniently remain halted .... Where is Titan MInerals' disclosure on the status of their primary asset, the Vista Gold Plant, and the operating permits that are threatened to, or already have been nullified? Have they not been able to procure a legal opinion in Peru, similar to the two legal opinions they have for their legal obligations to clean up all the environmental damages they left behind at the Tulin Gold Plant in Peru ? How can Core Gold shareholders make a value assessment of the Titan MInerals shares without FULL DISCLOSURE from Titan MInerals ? What is Titan MInerals hiding ? Again, DO NOT TENDER TO THE TITAN MINERALS OFFER GLTA Original post on Stockhouse: stockhouse.com .