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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

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Post by Bailey3on Apr 03, 2019 7:35pm
104 Views
Post# 29579303

Rogue BOD "warrants " investigation

Rogue BOD "warrants " investigationGregg Sedun
Javier Reyes 
Mark Bailey
Leonard Clough

IT HAS BEEN SAID THAT THIS BOARD TURNED DOWN A 24 TIMES BETTER OFFER THAN THE SELF SERVING TITAN DEAL.

We also have to remember that intially the 2nd offer agreed to subscribe to 8,888,888 common shares of Coregold at .45 cents for 4 million dollars  and give an upfront payment of 20 million dollars.

Also take into consideration that there are over 28 million warrants outstanding of Coregold that amounts to an additional 12.6 million dollars for the bank account of Coregold if exercised. 
Well, there were over 1.5 million at .35 cents that expire this month, and the rest throughtout the year at .45 cents. If the price of Coregold was above .60 cents for 10 trading days at any time, they could all be exercised early. 
Knowing all this, clearly in black and white, at the time of the second offer, the rogue board still refused and went with the Titan deal. HMMMM So the ROGUE BOD does a 3 million dollar  private placement of over 9 million shares of Coregold, to perhaps try to get enough shares to shore up for a yes vote?  Way to go. GREGG SEDUN,MARK BAILEY,JAVIER REYES,LEONARD CLOUGH

SHAME ON YOU!  It's as clear as day. Your reputations will be tarnished forever. VOTE NO
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