World News: 21:29 GMT Wednesday 12th June 2019. [Core Gold Inc. via Globe Newswire via SPi World News]
VANCOUVER, British Columbia, June 12, 2019 (GLOBE NEWSWIRE) -- Core Gold Inc. (“” or the “”) (TSXV: CGLD, OTCQX: CGLDF) is pleased to announce that at the Special Meeting of Securityholders held earlier today on June 12, 2019 (the “”), Core Gold securityholders (“”) have approved the proposed plan of arrangement (the “”) with Titan Minerals Limited (“”), which was originally announced on February 24, 2019.
In accordance with the Interim Order of the Supreme Court of British Columbia, the Arrangement was approved at the Special Meeting by 73.82% of the votes cast by all securityholders (common shares, options and warrants) voting together at today’s special meeting of Securityholders. Of just the common shareholders (excluding Titan) the Arrangement was approved by 68.88% of the votes cast by such common shareholders.
The completion of the Arrangement remains subject to final court approval and the satisfaction or waiver of other conditions, other than the condition that Titan provides subscription commitments for an A$20 million equity financing, which has been satisfied.
Further details regarding the Transaction are set out in the management information circular dated May 10, 2019, which is available on Core Gold’s website at and under its SEDAR profile at .
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:
Mark Bailey, Interim CEO, DirectorSuite 1201 – 1166 Alberni Street Vancouver, B.C. V6E 3Z3Phone: +1 (604) 345-4822Email:
Globe Newswire: 21:29 GMT Wednesday 12th June 2019
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