OTCQX:DMMIF - Post by User
Comment by
Twoscompanyon Oct 16, 2019 10:04am
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Post# 30235704
RE:RE:Core Gold AGM 3) - CEO Address B - Vertex One
RE:RE:Core Gold AGM 3) - CEO Address B - Vertex OneRonnie you put in way to much effort with that post. I will break it down simply.
Debt is owned by Titan and paid for. Totan US$2.5m plus interest.
CGLD is currently in default with the debt and will remain so until TSX approve the changes.
Debt is in with the TSX to restrucure terms which is helpful for CGLD.
Titan doesnt intened to call the debt hence why they bought it, they may change their mind if TSX dont approve changes, but they bought it as if Vertex had kept the debt they were considering calling it in which would have caused an insolvency event for us and wiped out the CGLD shareholders. All of this is in the Titan circular. Read it.