Dec 9 (Reuters) - Titan Minerals Ltd TTM.AX :
* PROVIDES UPDATE ON CORE GOLD OFFER
* INCREASED OFFER VALUES CORE AT CAD$0.523 PER CORE SHARE
* OFFER RAISED TO 3.1 TITAN MINERALS LTD SHARES FOR EACH CORE GOLD INC
* IS PROPOSING TO UNDERTAKE A PLACEMENT OF NEW TITAN SHARES TO RAISE APPROXIMATELY A$3.5 MILLION
* TO SEEK TO ENTER TERM SHEET OR SUBSCRIPTION COMMITMENTS TO UNDERTAKE DEBT FINANCING TO RAISE GROSS PROCEEDS OF NOT LESS THAN US$10 MILLION