|Bid||0.1650 x 0|
|Ask||0.1750 x 0|
|Day's Range||0.1650 - 0.1750|
|52 Week Range||0.1400 - 0.3000|
|Beta (3Y Monthly)||-0.28|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.40|
Titan Minerals Ltd (ASX:TTM) is pleased to advise it has lodged a formal takeover offer for all of the issued and outstanding common shares of Canadian-based Core Gold Inc (CGLD.V) with lodgement on the ASX on Tuesday 1st October 2019 of the Takeover Bid Circular to acquire Core Gold. Titan is offering 2.5 fully paid ordinary shares of Titan for each Core Gold share, representing the equivalent of CAD$0.422 per Core Gold share.
If you want to know who really controls Titan Minerals Limited (ASX:TTM), then you'll have to look at the makeup of...
Titan Minerals Limited (ASX:TTM) (“Titan”) and Core Gold Inc. (TSX-V: CGLD, OTCQX: CGLDF) (“Core Gold”) are pleased to announce that the companies have entered into an amending agreement (the “Amending Agreement”) to amend the terms of the previously announced arrangement agreement (the “Arrangement Agreement”) between them pursuant to which Titan will acquire all of the issued and outstanding Core Gold common shares by way of a share exchange (the “Merger”). The Merger will be affected by means of a statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia). Under the Amending Agreement, Titan has agreed to purchase 9,151,363 common shares of Core Gold on a private placement basis, at a price of Cdn$0.44 per share for total subscription proceeds of approximately US$3 million (the “Core Private Placement”).
Titan Minerals Limited (ASX:TTM), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. However, the trade-off is TTM Read More...