Feb 25 (Reuters) - Titan Minerals Ltd (TTM) : TITAN MINERALS...

Feb 25 (Reuters) - Titan Minerals Ltd (TTM) :

• TITAN MINERALS AND CORE GOLD TO COMBINE
• TO BUY ALL OF ISSUED AND OUTSTANDING CORE GOLD COMMON SHARES BY WAY OF SHARE EXCHANGE
• EACH CORE GOLD SHAREHOLDER WILL RECEIVE TWENTY FULLY PAID ORDINARY SHARES IN TITAN FOR EVERY ONE CORE GOLD COMMON SHARE
• DEAL FOR TOTAL CONSIDERATION OF C$72 MILLION
• TO CONDUCT PLACEMENT OF NEW TITAN SHARES TO CERTAIN INVESTORS TO RAISE A MIN OF $20 MILLION
• FOLLOWING COMPLETION, CORE GOLD AND TITAN SHAREHOLDERS WILL EACH HOLD ABOUT 48.5% AND 38.9% RESPECTIVELY OF COMBINED CO
• PRIOR TO COMPLETION OF MERGER, TITAN INTENDS TO, SUBJECT TO SHAREHOLDER APPROVAL, UNDERTAKE A 10:1 SHARE CONSOLIDATION
• SAYS CO AND CORE GOLD BOARD UNANIMOUSLY APPROVE MERGER AND RECOMMENDS THEIR SHAREHOLDERS VOTE IN FAVOUR OF MERGER

Source text : http://bit.ly/2VdVzCI

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