Titan Minerals announces arrangement agreement with Core Gold

On February 24, 2019, Core Gold Inc. (“Core”) and Titan Minerals Limited (“Titan”) announced that the parties had entered into the Arrangement Agreement pursuant to which Titan will acquire all of the issued and outstanding common shares of Core by way of a statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia). Under the Arrangement: each Core shareholder will receive twenty (20) fully paid ordinary shares in Titan pre-consolidation for every one (1) Core common share (the “Exchange Ratio”); and holders of Core options and warrants will receive options in Titan on comparable terms, taking into account the Exchange Ratio under the Arrangement. Titan was advised on this transaction by a team of Fasken lawyers that included Alex Nikolic, John Turner, Allison Marks and Florind Polo (securities / M&A) and Mitchell Thaw (tax).