May 24 (Reuters) - Core Gold Inc CGLD.V :
* CORE GOLD SHAREHOLDER KEITH PIGGOTT FILES PROXY CIRCULAR; ISSUES LETTER URGING SHAREHOLDERS TO VOTE AGAINST TITAN-CORE DEAL
* KEITH PIGGOTT - OWNS APPROXIMATELY 7% OF ISSUED AND OUTSTANDING SHARES OF CORE GOLD INC
* KEITH PIGGOTT - TO DATE PIGGOTT HAS RECEIVED INDICATIONS OF SUPPORT FROM ENOUGH SECURITYHOLDERS TO BLOCK TITAN-CORE DEAL
* KEITH PIGGOTT - AN INTERNATIONAL FIRM IS INTERESTED IN INVESTING IN CORE GOLD IF CURRENT BOARD AND MANAGEMENT ARE NO LONGER INVOLVED WITH CORE GOLD
* KEITH PIGGOTT - HAVE BEEN CONTACTED BY FOUR OTHER PARTIES WHO ARE INTERESTED IN INVESTING IN CORE GOLD, IN DEALS "THAT ARE FAR SUPERIOR" TO TITAN DEAL
* KEITH PIGGOTT - INTERNATIONAL FIRM HAD AGREED TO CDN $4 MILLION SUBSCRIPTION FOR 8,888,888 COMMON SHARES OF CORE GOLD
* KEITH PIGGOTT - INTERNATIONAL FIRM WAS PREPARED TO PLACE ADDITIONAL US$12 MILLION AT C$0.45 IN EQUITY AT CORE GOLD