trending Market Intelligence /marketintelligence/en/news-insights/trending/bZtg7QFWEepcGrEgP5xj3Q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Titan sweetens takeover bid for Core Gold

Blog

Top electric vehicle markets dominate lithium-ion battery capacity growth

Blog

Message in a (Word)Cloud

Blog

Essential Metals & Mining Insights - January 2021

Industry Top Trends 2021: Metals and Mining


Titan sweetens takeover bid for Core Gold

Titan Minerals Ltd. said Dec. 9 that it raised its all-share takeover bid for Core Gold Inc., valuing each share of the target at 52.3 Canadian cents per share.

That is a 24% increase over the previous offer, made in September, of 2.5 Titan shares for each Core share held, which valued the latter at 42.2 cents per share.

Aside from Titan's existing 5.5% stake, about 45.8% of Core shareholders have entered into lock-up arrangements to accept the increased offer.

Titan is proposing to undertake an equity capital raising to raise about A$3.5 million and will look to secure a further US$10 million via a credit facility or other borrowing structure before completion of the increased offer.