PERTH (miningweekly.com) – The shareholders of Canadian takeover target Core Gold have approved a proposed consolidation of the company’s common shares and its delisting from the Toronto Stock Exchange, as ASX-listed Titan Minerals’ acquisition of the company was completed.
“We are extremely pleased to complete the acquisition of Core Gold and can now focus on transitioning Titan to the next phase of its development, as a company that owns assets with exceptional potential,” said Titan MD Laurie Marsland.
“We are looking forward to generating exiting results that reward our shareholders for the solid ongoing support they have provided through the acquisition process. We are all keen to get on with our planned exploration programmes in Ecuador and unlock value for shareholders.”
Titan has restarted exploration at the Dynasty gold project, in Ecuador, after suspending production operations in April, owing to a force majeure resulting from the Covid-19 pandemic.
Titan said that the company continued to monitor and observe the various government guidelines that could affect exploration activities.
Meanwhile, further expansion of the exploration activities is anticipated in accordance with the changes in government restrictions, and through ongoing consultation with local communities and other stakeholders. Inbound travel by expatriate personnel to Peru and Ecuador remains suspended.