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BRIEF-Core Gold Shareholder Keith Piggott Files Proxy Circular Issues Letter Urging Shareholders To Vote Against Titan-Core Deal

Published 2019-05-24, 08:10 a/m
© Reuters.  BRIEF-Core Gold Shareholder Keith Piggott Files Proxy Circular Issues Letter Urging Shareholders To Vote Against Titan-Core Deal
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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

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