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Core responds about Chinese bid

Shareholders of Core Gold are seeking confirmation from the company of what may be a C33c-a-share offer for its Dynasty Goldfield property plus a $10 million financing commitment from a Chinese company, believed to be Zhaojin Mining, which they feel may be superior to an improved 3.1:1 all-share deal offered by Australia’s Titan Minerals.

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Dynasty Goldfield in Ecuador

The 3.1:1 all-share unsolicited deal offered by Australia's Titan Minerals values the target at C55c a share, according to Titan.