OTCQX:DMMIF - Post by User
Post by
Tadon Dec 09, 2019 4:15pm
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Post# 30437206
Titan's New Highly Dilutive offer
Titan's New Highly Dilutive offer296,566,718 - shares outstanding
517,316,616 - shares ot be issued to CGLD shareholders 3.1 X 166,876,328
23,333,333 - shares ot be issued at maybe A$0.15 for A$3.5 million
8,876,013 - transaction fee to be paid to Bacchus Capital Advisers
846,092,680 share issued and outtstanding if the Titan offer is successful
Shares that will not be listed on the TSXV.
And then the standard procedure of a share consolidation by these miscreants, maybe 10 :1 and then they'll bring in their "buddies" with another highly dilutive financing, and wipe out the Core Gold shareholders equty stake.
Three board seats being offered to current Core Gold directors on the Titan board if their offer succeeds .....
Highly conficted decision by three board members, isn't it ?
DO NOT TENDER YOUR SHARES TO THE TITAN MINERALS OFFER