Titan takes majority stake in Core Gold

ASX-listed Titan Minerals has gained a majority shareholding in takeover target Core Gold, at the end of its offer period on January 14, with the Australian company saying it would now allow the remaining shareholders until January 27 to accept its offer.

Titan in September last year launched a takeover offer for the TSX-listed Core Gold, offering its shareholders 2.5 fully paid titan shares for each Core share held, valuing the Canadian takeover target’s shares at 42.2c each.