Sept 16 (Reuters) - Titan Minerals Ltd TTM.AX :
* INTENDS TO MAKE FORMAL OFFER TO ACQUIRE 100% OF CANADIAN-BASED, ECUADOR-FOCUSSED CORE GOLD INC
* OFFER TO INCLUDE 2.5 FULLY PAID ORDINARY SHARES OF TITAN FOR EACH CORE GOLD COMMON SHARE HELD, VALUING CORE GOLD SHARES AT CAD$0.422
* CO ACQUIRED ALL OF CORE GOLD'S SECURED DEBT IN PRINCIPAL AMOUNT OF US$2.5 MILLION