Titan Minerals Ltd. ("Titan") successfully defended an application brought to the British Columbia Securities Commission which aimed to delay or block Titan's take-over of Core Gold Inc. ("Core Gold").
The application was brought by shareholders of Core Gold (the "Shareholders"), who asked the Commission to order Titan to provide additional disclosure in respect of four different issues. The Commission dismissed the application, finding that Titan's disclosure was adequate for each issue raised by the Shareholders. The Commission therefore also found that the Shareholders' application for an order extending the expiry time of Titan’s bid was moot, and Titan's bid to buy Core Gold was able to proceed as planned.
Fasken represented Titan Minerals Ltd. in connection with this proceeding with a team including Tracey Cohen, Zohar Levy and Alex Nikolic.
Jurisdiction
- British Columbia
