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Core Gold DMMIF

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Post by standfiron Jul 19, 2019 3:16am
107 Views
Post# 29938120

Core becomes normal company, Announcement: Arrangement over

Core becomes normal company, Announcement: Arrangement overTitan Minerals announced that the Arrangement is over, and that they are also requesting a Titan Minerals trading suspension until August 19.  If this isn't the last that Core shareholders have seen of Titan or its affiliates, one wouldn't wonder if there would be an uproar - the court judgement was powerful and unequivocal.  Gregg Sedun as Lead Director, led Core Gold into that massive misadventure, with not only huge costs incurred but also delayed time and impetus - his stepping down from the board will probably be the most welcome one and do the most to move the company forward.

The voices of hundreds of small shareholders counted, after all - overcoming a tiny number of insider-shareholders that got their votes stacked in, but overall not fairly nor reasonably.  It is absurd that anyone, especially within the company, can attempt to defend the "vote", under those circumstances.  In numbers of shareholders, the hundreds of shareholders that won the court ruling should now be respected by the company, as it should be: the court ruling must be accepted and be the basis for moving towards optimal development of Core Gold's assets.

Core becomes a normal company again, and can seek suitors.  One would expect companies to be applying to Core's data room, and to do their on-site diligence.  One positive note from all the drama is that the Core Gold story got more well-known, and has justifiably attracted some serious interest.

--- Arrangement is over (can't post a pic on Stockhouse):

https://pasteboard.co/IoF837f.jpg
 

--- Titan suspension of Titan trading until and iincluding August 19:

https://pasteboard.co/IoF8dbHz.jpg


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