Court halts Titan-Core Gold merger

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.

Court halts Titan-Core Gold merger Court halts Titan-Core Gold merger Court halts Titan-Core Gold merger Court halts Titan-Core Gold merger Court halts Titan-Core Gold merger

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.