Core Gold Announces Completion of Share Consolidation and Delisting From TSX Venture Exchange

VANCOUVER, British Columbia, May 19, 2020 (GLOBE NEWSWIRE) -- Core Gold Inc. ("Core Gold" or the "Company") TSX-V: CGLD, OTCQX: CGLDF) announces that following close of business on May 19, 2020, the Company effected the consolidation of its issued and outstanding common shares ("Common Shares") on a 75,000,000 to 1 basis (the "Consolidation"), with the result that Titan Minerals Limited ("Titan") became the sole shareholder of the Company, and the Common Shares were thereafter voluntarily delisted from trading on the TSX Venture Exchange (the "Delisting"). Together, the Consolidation and the Delisting represent the completion of the previously announced second-step (going-private) transaction with Titan.
As previously disclosed, the Company intends to apply to cease to be a reporting issuer in all jurisdictions in which it is currently a reporting issuer.Registered pre-Consolidation shareholders, other than Titan, should refer to the letter of transmittal which accompanied the management information circular dated April 9, 2020 in respect of the special meeting of Shareholders held on May 13, 2020 (the "Circular") for instructions on how to exchange existing share certificate(s) for the consideration to which they are entitled under the Consolidation. A letter of transmittal is also available under the Company's SEDAR profile at details concerning the Consolidation may be found in the Company's news releases dated April 14, 2020 and May 13, 2020 and the Circular, all of which are available under the Company's SEDAR profile at Core Gold Inc.
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