Post by
Tad on Dec 03, 2019 5:47pm
Titan Minerals postpones General Meeting
Something's up .... either Titan's going to revise their offer .... they're cancelling the offer .... or still waiting for Core Gold to make an announcement ... any other possibilities ???
Hmmm ... maybe a little brinksmanship .....
ASX ANNOUNCEMENT
Suite 6, 295 Rokeby Rd,
Subiaco WA 6008
ACN: 117 790 897
Ph: +61 8 6555 2950
Fax: +61 8 6166 0261
www.titanminerals.com.au
4 December 2019
POSTPONEMENT OF GENERAL MEETING TO 13 JANUARY 2020
Titan Minerals Limited (ASX: TTM) (“Titan or the Company”) advises that the Board have resolved to postpone the general meeting of shareholders scheduled at 10am (WST) 4 December 2019 to 10am (WST) 13 January 2020. The meeting venue remains the same at Suite 1, 295 Rokeby Road, Subiaco WA 6008.
The general meeting was scheduled primarily to (amongst other matters) consider and, if thought fit, approve a resolution to issue Titan shares to the shareholders of Core Gold Inc ("Core Gold") in respect to Titan's formal offer to acquire all of the outstanding shares in Core Gold (refer to the ASX announcement dated 1 October 2019). The Company wishes to advise that it is presently in the process of finalising an announcement regarding Titan's takeover bid for Core Gold and has elected to postpone its general meeting in light of the pending release of this announcement.
The Company wishes to apologise for any inconvenience that may be caused by the rescheduling of this meeting.
The Company advises that the ongoing voluntary suspension in the Company’s securities will continue pending the release of an announcement regarding regarding Titan’s takeover bid for Core Gold Inc.
ENDS
For further information please contact:
Laurence Marsland,
Managing Director Titan Minerals
E: info@titanminerals.com.au
T: +61 8 6555 2950
Source: [url=0https://www.investi.com.au/api/announcements/ttm/fd148c05-fab.pdf[/url]
Comment by
merlin991 on Dec 03, 2019 6:18pm
Doesn't inspire any confidence. It's all delay delay and freeze their bloated share price. They can't say much because it all depends on Core offers. What this does confirm is they just don't have the shares to do anything much. Confetti v real cash? Now will they have the cash for their debt repayment in a couple of weeks.