There appear to be a number of hurdles before the merger can...

There appear to be a number of hurdles before the merger can proceed;

1. Core Gold is permitted a 60 day period to solicit a superior proposal albeit it will pay a break fee of C$0.5m
2. The number of shares on issue post merger will be subject to the issue price under the placement (currently assumes a price of $0.024).
3. Merger subject to approval of Core Gold shareholders, assuming that Titan shareholders will give green light.

What happens to the share price post merger? There is reasonable guidance being provided in a complex merger arrangement which has a lot of balls in the air. It is anticipated that the post merger price will be $0.24 with a MC of $158.2m. What could go wrong? It could fall over but if its successful the merged entity could be a significant gold producer. Why not, it would already own two processing plants.