Core Gold DMMIF

Where's Keith ?

[whiteirish]

Core Gold Announces The Termination For Cause Of Keith Piggott As CEO And The Appointment Of Mark Bailey As Interim CEO

 

 

Vancouver, B.C., March 11th, 2019 – Core Gold Inc. ("Core Gold" or the "Company") (TSXV: CGLD, OTCQX: CGLDF) announces that its Board of Directors has terminated for cause, the consulting agreement of the Company’s President & CEO, Mr. Keith Piggott, and has removed him as President & CEO effective immediately. Mr. Piggott had been previously put on notice by the Board of Directors.

Mr. Mark Bailey, a current Director of Core Gold, has agreed to act, and has been appointed by the Board of Directors, as Interim CEO. Mr. Piggott remains a Director of the Company.

The Board will provide an update in due course regarding the full-time position of a new CEO. As previously announced on February 24, 2019, the Company is merging with Titan Minerals Ltd. (“Titan”) and it is expected that upon closing of the transaction that Mr. Laurie Marsland will become the new Managing Director, CEO and Director of the combined entity.

Mr. Mark Bailey has been a director of the Company since September 2003. Mr. Bailey is a mining executive and registered Professional Geologist with more than 40 years of industry experience.  Between 1995 and 2012, he was a Director and the President and Chief Executive Officer of TSX-listed Minefinders Corporation Ltd. (“Minefinders”), a precious metals mining company that operated the multi-million ounce Dolores gold and silver mine in Mexico before being acquired by Pan American Silver Corp. for approximately $1.5 billion. Before joining Minefinders, Mr. Bailey held senior positions with Equinox Resources Inc. and Exxon Minerals.  Since 1984, Mr. Bailey has worked as a consulting geologist with Mark H. Bailey & Associates LLC.  Mr. Bailey is currently a Director and Non-Executive Chair of Fiore Gold Ltd. and a Director and Non-Executive Chair of Entree Resources and was a director of TSX-listed Mason Resources Corp. until its recent acquisition by Hudbay Minerals Inc. Mr. Bailey holds a Bachelor of Science degree in geology from the University of Washington and a Master of Science degree in geology from Oregon State University.

[flashcash]

Not very nice, wait for the voting, things just got nasty down under.

[flashcash]

Where there is collusion in positions of directorships in a hostile take over things can go down hill for them very quickly...

[ghzyszn]

Maybe Keith disagreed with the merger??  Just hit .44 and let me get out. 

[flashcash]

I would be interested in what Mr Washer thinks of all this. Anon is still selling, just wondering if this deal what set up in the background with insider conclusion (share suppression).

[flashcash]

I will be seeking legal advice about what is happening here, if there is collusion there will be hell to pay !

[rjm316]

Bob Meuller is tied up on another collusion case at the moment....better seek a different special counsel lol

[cigarbutts]

It is SO naive to say IF there is Collusion.................. OF COURSE there is collusion. You need to do more than just go to the meeting with a NO VOTE!!! Think about it,   IF these people are willing to conspire to steal about 1/2 the company with the toilet paper Titan brand from down under,  you think they are not above also STEALING the shareholder vote at the annual meeting.

[Teetotal]

Keith is doing his job. He probably brought in an offer and they are shutting him up. This sorry tale is not done I would say.

[calculatedrisk3]

I'd love to hear Keith's side of the story.  

[robnhood]

"The Termination For Cause"  What does that mean,, "for cause"?

[robnhood]

Termination for cause is serious business. Employers and employees have many reasons for parting ways, but employment termination for cause is not a desirable outcome—for either the employer or the employee. Termination for cause generally occurs when an employee makes a severe error in actions or judgment.Aug 25, 2018

[Teetotal]

Yes brought in a superior offer.  They are rattled. Closing go shop period and increasing exit clause. Raising more shares/votes as well.  They are running about. Maybe there is a soap here. 

[whiteirish]

When I first learned of this merger, I contacted Sam Wong, and I explained this is not what I bought into and what did Keith think of this deal.    He said the entire BOD unanimously approved it.   No matter how much I pestered Sam, he would not address my opinion that this deal didn't sound like anything Keith would put together, or even like.  That was as far as I

[cigarbutts]

You do realize your not dealing with Mark Bailey and this BOD? Makr Bailey and this BOD are the puppets on the front line. The Puppetmasters behind the scenes are Frank Guistra and Fiore Gold. The Friends of Frank are trying to dilute you almost 50% BEFORE  they put the $$ into the ground at Core Gold properties.

[calculatedrisk3]

So hypothetically speaking, what exactly would it look like if the "Clinton Cash" villians started dealing with BOD instead of politicians to gain access to very mineral rich properties?  Would enough evidence exist to convict if exposed before the final payoffs?

[cigarbutts]

In my opinion it has been going down in Vancouver exactly this way sometimes,  for a VERY  VERY long time already!!! Take a look at what happened at Eastern Platinum over 10 years,  or Esrey Resources over 10 years.    Totally outrageous transactions with OFFSHORE assets and OFFSHORE companies................... Thereis NO WAY in my opinion that the TSX,  TSX-V

[cigarbutts]

Also,  it should be noted,  that very very few people have actually gone to jail or paid their judgements IF convicted of securities fraud in Canada........... The real problem in Canada IS that securities crimes in Canada actually DO pay off for the white collar criminals,   and they have for a  long time. Take a look at Newport Exploration, its an easy one....to follow