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Re: NYBob post# 437

Tuesday, 04/02/2019 2:52:34 PM

Tuesday, April 02, 2019 2:52:34 PM

Post# of 1156
t.



t..




Dynasty Metals & Mng Inc Stock Chart
CGLDF $0.1837* 0.00784.44 % -


CGLD / CGLDF has currently more gold hard assets today than
at any time in the past -
fair market value should be higher today than
at any time in the past -




RE:Keith Piggott Provides Details of Undisclosed Competing Prop
Please, Note the bottom lines:
Mr. Piggott as CEO, rescued Dynasty Metals and Mining from
certain bankruptcy and the loss of all its assets in 2016.
He has worked diligently for over two years to take
the company, as Core Gold Inc., from a $5 million market
capitalization to over $40 million market capitalization
before the Titan proposal.
He can be contacted at kpiggott100@gmail.com,
by phone at 520-247-5753.


https://web.tmxmoney.com/article.php?newsid=6499371733179038&qm_symbol=CGLDF:US

God Bless

Ps.
Mr. Piggott has given you his priv. email and phone -
please, contact him for advise, before you taking
any law suit actions etc.,
IMO!
Thanks in advance -


Keith Piggott Provides Details of Undisclosed Competing Proposal to Core Gold
QUITO, Ecuador, April 01, 2019 (GLOBE NEWSWIRE) --

Keith Piggott, Director of Core Gold Inc. (TSXV: CGLD, OTCQX: CGLDF)
(“Core Gold” or the “Company”) today provided details of the
undisclosed competing proposal to Core Gold in response
to numerous shareholders’ inquiries.

https://web.tmxmoney.com/article.php?newsid=6499371733179038&qm_symbol=CGLDF:US

At the recent meeting of the board of directors of Core Gold
held March 9, 2019 the board considered and approved a CDN
$4,000,000 subscription for 8,888,888 common shares of
Core Gold at CDN $0.45 per share from the Ecuador subsidiary
of a mining company listed on a major international stock
exchange with a market capitalization above US $3 billion.
This mining company is an integrated, large scale enterprise
with exploration, mining, processing and smelting operations,
primarily focusing on the gold industry.
The company is a leading gold producer with output of
approximately 1 million ounces per annum from mining and
smelting operations.

The subscription agreement followed two letters of intent
between the parties reached via friendly negotiations on
February 25, 2019 providing for both the subscription of
CDN $4 million to close March 15 and the right of the mining
company to increase its shareholding by a further 14.9%
for a total of 19.9% of the total issued shares of
Core Gold, subject to due diligence within 45 days
at a price of CDN $0.45 per share.
In addition to the equity placement, this company also
proposed to invest directly in the Dynasty goldfield
for an upfront payment of US $20 million to earn a
20% interest with the right to earn up to 60% through
the expenditure of US $62 million over a period
of 3 Years to construct an underground mine and
processing plant to process 2,000 tons per day.
Under the terms of the agreement Core Gold would
retain 40% following the declaration of
commercial production.

The letters of intent also provided rights of board
representation, project cooperation including
participation in management, design, construction and
finance, preemptive right to maintain shareholder
ownership level and a standstill agreement for 3 years.

This mining company mobilized significant resources,
including approximately 30 mining and exploration
personnel and 3 drill rigs to conduct confirmation
drilling due diligence on
Core Gold’s Dynasty Goldfields mine as would be expected
of any mining company proposing to commit in excess
of USD $100 million dollars.
This accelerated mobilization was done at considerable
expense in order to complete their due diligence within
a period of 45 days (i.e. that was within the 60 days
go shop period), fully cognizant of the time constraints
of the 60 day go shop period.

At the March 9, 2019 meeting the board determined to
deny this mining company access to Core Gold’s property
to conduct its due diligence by drilling twin holes to
verify a sample of drill results as shown in the 43/101
report done by Core Gold (Dynasty Metals and Mining)
in 2014.

“I brought to the board a far less dilutive, shareholder
friendly proposal,” Mr. Piggott said.
“The board sabotaged the alternative in two ways,
denying the investor access to conduct reasonable
technical due diligence at its own expense and
by increasing the Titan break fee to $3,000,000
while eliminating the Titan 60 day go shop provision,”
lamented Mr. Piggott.

“At the board meeting held March 9, 2019 directors and
advisors of Core Gold explicitly threatened to
terminate me for cause unless I voted for the Titan
amended proposal and agreed to vote all my shares in
favour of the Titan merger.
I refused,” said Mr. Piggott.

About Keith Piggott.
Keith Piggott is a seasoned mining developer and operator
with over 50 years of experience in Africa, Australia,
Mexico and South America.
Mr. Piggott as CEO, rescued Dynasty Metals and Mining from
certain bankruptcy and the loss of all its assets in 2016.
He has worked diligently for over two years to take
the company, as Core Gold Inc., from a $5 million market
capitalization to over $40 million market capitalization
before the Titan proposal.
He can be contacted at kpiggott100@gmail.com,
by phone at 520-247-5753.

https://web.tmxmoney.com/article.php?newsid=6499371733179038&qm_symbol=CGLDF:US

God Bless





My opinions are my own and and DD I post should be confirmed as unbiased

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