Ann: Core Gold Circular and Proposed CEO MD, page-13

True enough that Titan has raised money in the past quite well. This time they haven't done it - that's why they're in
New York. Word on the ground is that it isn't going well, for whatever reasons I don't know entirely. It's heard they
made some dodgy claims along the way, and investors are saying they don't like that, plus all opposition in North America.
It's worth keeping a tab on. Key people have said that Titan plans to raise cash at perhaps 1.25 cents afterward, and
there is the 10:1 share rollback in Titan's plan, which usually cuts the overall value.

That company, Core, did a lot of placements successfully, but not a major takeover because their assets took 2
years to get out of lien in their recovery process - they weren't legally allowed to make a deal. I give Piggott at
least credit for getting that done - a hard slog it was.

One plus from Titan's offer document is that there is a new 43-101 on the resources, bumping up the picture a good
bit. Core mined 50% more gold than the previous 43-101 predicted.