drowsy syrups of the world

Core Gold (CGLD.v): A spanner in the works

This would be more fun if I weren’t long for the arbitrage trade. It’s still fun in a way, though.
VANCOUVER, British Columbia, July 04, 2019 (GLOBE NEWSWIRE) — Core Gold Inc. (“Core Gold” or the “Company”)
(TSXV: CGLD, OTCQX: CGLDF) announces that, on July 4, 2019, the British
Columbia Supreme Court declined to approve Core Gold’s proposed
transaction with Titan Minerals Limited (“Titan”)
concluding that the Company had failed to satisfy its burden of proof in
establishing that the transaction was fair and reasonable.  

The Company is considering its options, including appealing the decision. 
The Arrangement Agreement between Core and Titan continues in force and has not been terminated.
About Core Gold

Link here.

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