Feb 25 (Reuters) - Titan Minerals Ltd TTM.AX :
* TITAN MINERALS AND CORE GOLD TO COMBINE
* TO BUY ALL OF ISSUED AND OUTSTANDING CORE GOLD COMMON SHARES BY WAY OF SHARE EXCHANGE
* EACH CORE GOLD SHAREHOLDER WILL RECEIVE TWENTY FULLY PAID ORDINARY SHARES IN TITAN FOR EVERY ONE CORE GOLD COMMON SHARE
* DEAL FOR TOTAL CONSIDERATION OF C$72 MILLION
* TO CONDUCT PLACEMENT OF NEW TITAN SHARES TO CERTAIN INVESTORS TO RAISE A MIN OF $20 MILLION
* FOLLOWING COMPLETION, CORE GOLD AND TITAN SHAREHOLDERS WILL EACH HOLD ABOUT 48.5% AND 38.9% RESPECTIVELY OF COMBINED CO
* PRIOR TO COMPLETION OF MERGER, TITAN INTENDS TO, SUBJECT TO SHAREHOLDER APPROVAL, UNDERTAKE A 10:1 SHARE CONSOLIDATION
* SAYS CO AND CORE GOLD BOARD UNANIMOUSLY APPROVE MERGER AND RECOMMENDS THEIR SHAREHOLDERS VOTE IN FAVOUR OF MERGER