Core still considering other options besides Titan

The directors of TSX-V-listed Core Gold have urged its shareholders not to take any action over a second takeover offer from ASX-listed Titan Minerals.

Titan in September launched its second takeover offer for Core, offering 2.5 fully paid ordinary shares for each Core share held, valuing the company’s shares at 42.2c each, a 164% premium to its closing price on September 13.