Core Gold DMMIF

RE:Circling the wagons...

[merlin991]

Another message from Tad:

https://www.siliconinvestor.com/readmsg.aspx?msgid=32275363

Here's another example of the deceptive and underhanded way that Core Gold
Lead Director Gregg Sedun, and the other directors, including now CEO Mark Bailey, 
as well as CFO Sam Wong did eveything in their power to discourage and subvert 
any competing bid for Core Gold in favour of the Titan MInerals plan of arrangement.

This one is a truly despicable piece of legalese perpetrated against the long 
term shareholders of Core Gold. 

Thanks to Keith Piggott's disclosure, everyone now knows that Zhaojin Mining 
had brought forth a C$4 million offer of financing in February 2019 at $0.45 
for 8,888,888 shares, as an initial investment in Core Gold. 

The significance of the number 8 is not lost on this shareholder as "8" in 
the Chinese culture signifies "wealth, fortune, prosper". Multiples of 8 are 
even better. 

So, why did Core Gold directors Gregg Sedun, Mark Bailey, Leonard Clough
and Javier Reyes, as well as CFO Sam Wong allow the following clause to
be included in the Subscription Form that Zhaojin Mining was provided to
complete their C$4 million funding to Core Gold ? 

The subscription form contained a covenant that bound Zhaojin Mining to vote in favour 
of the Titan Minerals plan of arrangement. Does it not seem strange that this stipulation 
should be included in an initial investment by another company potentially bringing a far 
superior offer to Core God than that being offered by Titan Minerals ?

.

"6. Voting Support Covenants of the Subscriber .....

(c) The Subscriber convenants and agrees in favour of the Corporation that, until the earlier of; (i) the closing of the
Arrangement and (ii) the date this section 6 ceases to be applicable, that the Subscriber shall :

(i) attend (either in person or by proxy) the Core Gold Meeting (including any adjournments and postponements
thereof) and at the Core Meeting vote or cause to be voted, in each case, to the extent that they have a right to vote
at the Core Meeting (i) all of the Subscribed shares and (i) and further Common Shares acquired by or issued to the
Subscriber on or following the date hereof (collectively, "Subject Shares") in favour of the the Arrangement, the Core
Arrangement Resolution and all matter related thereto contemplated by the Arrangement, and allow its Core Common
Shares which have a right to be counted for the purposes of determining whether a quorum is established at the Core
Meeting to be counted as present for such purposes; ...."


.




A copy of the Subscription Agreement Form for Zhaojin Mining's potential C$4 million 
initial investment in Core Gold can be found on pages 347 - 399 of Keith PIggott's First 
Affidaviit submitted to the BC Supreme Court.

Zhaojin Mining was contemplating their own potential US$100 million offer 
of partnership with Core Gold for a 20% equity stake and 60% share of the 
Dynasty Goldfields Project, as opposed to the pathetically contrived and
scurriously deceptive AUS$72 Million valued "merger" offer from Titan MInerals,
which would have seen Core Gold shareholders stake in the newly merged company
fall to less than 35% within the first year of planned dilution announced by Titan
Minerals.

Does anyone, in their honest opinion, feel that these directors, and CFO Sam Wong, 
were executing their fiduciary duties and ACTING IN THE BEST INTERESTS
of the company and its shareholders by inserting this clause in the Subscription
Form that Zhaojin Mining was supposed to accept ? 

Why would Zhaojin Mining ever accept this stipulation and vote in favour of the 
Titan Minerals plan of arrangement when Zhaojin Mining was contemplating a 
partnership with Core Gold ?


The words "conspire" and "criminal" come to mind.

Just my opinion, and I could be wrong .... but I doubt it.