Good point Bevter. Compensation of all the brass is substantial.
The Circular is hefty - 580 pages. Interestingly, page 43 states that they can waive
the terms, and go ahead even if only some monies, or no money at all is raised:
“Titan Private Placement and Additional Titan Financing”...“The above conditions are capable of being waived. Core may choose to waive any or all of the above conditions and complete the Arrangement if Titan has not completed the Titan Private Placement at all or if the gross proceeds of the Titan Private Placement are less than A$20 million.”
Gives one pause. Any notions on this?
Looks like the until-recently CEO at Core had a few words to say about it all today as well:
https://www.nasdaq.com/press-release/core-gold-shareholder-keith-piggott-calls-upon-all-shareholders-to-vote-against-proposed-20190513-00688
Thoughts?
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Ann: Core Gold Circular and Proposed CEO MD, page-3
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