Media Room

AuStar rethinking Centennial plans

Junior AuStar Gold has paused its takeover plans for embattled Centennial Mining, following discussions with that company’s administrators.

AuStar in May revealed its intentions to make a takeover offer for Centennial, which holds the A1 gold mine, after the Centennial’s administrators revealed that they had received a number of unsolicited approaches from existing creditors.

Core Gold to vote on Titan merger

The shareholders of TSX-V-listed Core Gold are expected to vote on June 12 on the C$72-million merger proposed by ASX-listed Titan Minerals. Under the merger agreement struck earlier this year, each Core shareholder will receive 20 fully paid ordinary shares in Titan, for every one Core share held. The Core option and warrant holders would receive options in Titan on comparable terms.