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Landmark court decision halts Core Gold transaction

A rare and landmark victory in the British Columbia Supreme Court (BCSC) saw Australia’s Titan Minerals plan of arrangement to take over TSXV-listed Ecuador gold company Core Gold thrown out on the grounds the terms were not fair or reasonable. A criminal investigation is now active against a Titan subsidiary in Peru and its directors with additional criminal complaints pending.

Landmark court decision halts Core Gold transaction Landmark court decision halts Core Gold transaction Landmark court decision halts Core Gold transaction Landmark court decision halts Core Gold transaction Landmark court decision halts Core Gold transaction

Core Gold's Portovelo CIP processing plant in Ecuador

Titan's arrangement with Core will now expire on July 31 without Core having to pay Titan the US$3 million break fee unless the parties voluntarily agree to terminate it beforehand.