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Gold/Mining/Energy
Core Gold Inc
An SI Board Since March 2006
Posts SubjectMarks Bans Symbol
1864 64 0 CGLD
Emcee:  pstad60 Type:  Moderated


















Symbol : CGLD .V

Core Gold Inc. is a Canadian based mining company involved in the exploration,
development and production of gold and silver at 3 projects in Ecuador.

Formerly Dynasty Metals and Mining (DMM)

6 million ounces of gold and 27 million ounces of silver in 43-101 compliant resources



Company web site :

coregoldinc.com






Dynasty Goldfields Project :










General location of Core Gold Projects in the Dynasty Gold-Copper Belt in Southern Ecuador








Commenced mining operations at Dynasty Goldfields Project in early January 2017.
Mining and transportation of ore is contracted out.
Ore transported approximately 180 km by road to Zaruma processing facility.
Production from a number of small open pits, Zaruma mill currently processing 700 - 800 tpd .

News release of contract mining agreement :
dynastymining.com

Measured Resource : 2,909,000 tonnes grade, 4.7 gpt au, 38.1 gpt ag : 437,000 oz au, 3,567,000 oz ag
Indicated Resource : 3,958,000 tonnes grade, 4.6 gpt au, 38.3 gpt ag : 585,000 oz au, 4,936,000 oz ag
Inferred Resource : 7,825,000 tonnes grade, 4.4 gpt au, 38.5 gpt ag : 1,118,000 oz au, 9,901,000 oz ag

Dynasty Goldfields Technical Report :
dynastymining.com





Zaruma Project :





Mill capable of processing in excess of 1,000 tpd in current configuration with potential to increase
to 2,000 tpd with US$3 million capital investment.
Minimal production at Cabo de Hornos mine (50 -100 tpd).
Mill currently being fed with material from Dynasty Goldfields project.

Measured Resource : 1,590,000 tonnes, grade 13.48 gpt au : 689,000 oz au
Indicated Resource : 1,030,000 tonnes, grade 12.18 gpt au : 405,000 oz au
Inferred Resource : 3,700,000 tonnes, grade 12.12 gpt au: 1,448,000 oz au

Preliminary Economic Analysis for Zaruma Project:
dynastymining.com

Zaruma Project Resource chart : Veins



Jerusalem Project :

Measured resource : 379,000 tonnes grade 14.2 gpt au, 76.0 gpt ag : 173,000 oz au, 926,000 oz ag
Indicated resource : 576,000 tonnes grade 13.5 gpt au, 81.0 gpt ag : 249,000 oz au, 1,495,000 oz ag
Inferred resource : 1,775,000 tonnes grade 15.0 gpt au, 98.0 gpt ag : 856,000 oz au, 5,569,000 oz ag

Jerusalem Project Technical report :
dynastymining.com




Share Structure as of October 14, 2017

Shares Issued and Outstanding: 106,842,412

Warrants Outstanding:

3,000,000 exercisable @ $0.15 expiry date Sept. 15, 2018 (Vertex)
750,000 exercisable @ $0.33 expiry date Apr. 4, 2019 (Credipresto)
250,000 exercisable @ $0.35 expiry date Apr. 26, 2019 (Credipresto)


**2,967,503 full warrants exercisable @ $0.45 expiry date June 30, 2019 (5,935,006 half warrants from 1st tranche of June 2017 financing)
**1,642,833 full warrants exercisable @ $0.45 expiry date July 17, 2019 (3,285,666 half warrants from 2cd tranche of June 2017 financing)
**811,457 full warrants exercisable @ $0.45 expiry date Aug 5, 2019 (1,622,914 half warrants from 1st tranche of July 27 2017 financing)
**1,277,543 full warrants exercisable @ $0.45 expiry date Sept 6 2019 ( 2,555,086 half warrants from 2cd tranche of July 27,2017 financing)
**1,016,612 full warrants exercisable @ $0.45 expiry date Sept 16, 2019 (2,033,244 half warrants from 1st tranche of Sept.6, 2017 financing )
**1,790,832 full warrants exercisable @ $0.45 expiry date Oct. 14, 2019 (3,581,664 half warrants from 2cd tranche of Sept.6, 2017 financing )

**subject to acceleration in the event that the closing price of the Common Shares is $0.60 or higher over a period of ten (10) consecutive trading days.


Options : 8,426,000

1,490,000 @ $0.64 expiry date July 16, 2018
623,000 @ $0.89 expiry date Jan 1 2019
35,000 @ $1.48 expiry Jun19 2019
25,000 @ $1.61 expiry July 28 2019
1,678,000 @ $0.92 expiry date Nov 21 2019
125,000 @ $0.79 expiry date Apr 8 2020
50,000 @ $0.36 expiry date Mar 14 2021
4,400,000 @ $0.23 expiry date Dec 7 2021




Promissory Notes : (Held by Vertex Managed Value Portfolio and Vertex Enhanced Income Fund)

1. Promissory notes in the aggregate principal amount of $1.5-million (U.S.) bearing interest at 12 per cent per annum
and maturing on Sept. 15, 2017;
2. Promissory notes in the aggregate principal amount of $1.5-million (U.S.) bearing interest at 12 per cent per annum
and maturing on Sept. 15, 2018;
3. Freely assignable convertible promissory notes in the aggregate principal amount of $1-million (U.S.) bearing interest
at 12 per cent per annum and maturing on Sept. 15, 2018, convertible into common shares of the company at 30 cents per share;
(subject to a fixed foreign exchange rate of CAD$1.2895/US$1.00) or 4,298,333 shares


Convertible Debentures : (Held by Credipresto SAPI de CV SOFOM ENR)

$1-million (U.S.) convertible secured subordinated debenture at 12 per cent per annum and maturing Jan. 2019.
$0.25 per share conversion rate, based on the noon Bank of Canada Canadian-dollar/U.S.-dollar exchange rate
on the date immediately preceding the closing of the offering; Secured through a pledge of all of the issued and
outstanding share capital of Elipe SA, an indirect wholly owned subsidiary of the company, ranking behind the
Vertex loans outstanding; Based on current exchange rates, if the convertible debenture is fully converted into
common shares of the company, approximately 5,241,600 common shares of the company would be issuable
to Credipresto.


$500,000 (U.S.) secured convertible debenture at a rate of 12% per annum payable quarterly in cash
and is fully secured through a pledge of all the issued and outstanding share capital of Elipe S.A., an
indirect wholly owned subsidiary of the Company, ranking behind the outstanding loans from
Vertex Managed Value Portfolio and Vertex Enhanced Income Fund. The principal amount of the Debenture
is convertible at any time at the option of the holder into common shares of the Company (the "Common
Shares") at a price of CAD$0.25 per Common Share, based on a Canadian dollar/US dollar exchange
rate of 1.3322. An aggregate of up to 2,664,400 Common Shares are issuable by the Company
on conversion of the Debenture, representing approximately 3.03% of the issued and outstanding
Common Shares on completion of the Private Placement.


$500,000 (U.S.) secured convertible debenture bears interest at a rate of 12% per annum payable quarterly
in cash and is fully secured through a pledge of all the issued and outstanding share capital of Elipe S.A.,
an indirect wholly owned subsidiary of the Company, ranking behind the outstanding loans from
Vertex Managed Value Portfolio and Vertex Enhanced Income Fund. The principal amount of the
Debenture is convertible at any time at the option of the holder into common shares of the Company
(the "Common Shares") at a price of CAD$0.26 per Common Share, based on a Canadian
dollar/US dollar exchange rate of 1.3516. An aggregate of up to 2,599,231 Common Shares are
issuable by the Company on conversion of the Debenture, representing approximately 2.96% of
the issued and outstanding Common Shares on completion of the Private Placement.




Fully Diluted Shares: 143,623,756




INSIDER HOLDINGS
( Information compiled from Sedi.ca, 2017 Annual Information Circular, and regulatory filing 62-103F1 on Sept 12, 2016 )


Keith Piggott (CEO) ……….10,458,965
Gregg Sedun (Director) …... 3,372,666
Gregg Sedun's Associate .... 3,281,000
Javier Reyes (Credipresto)...4,443,000

Total holdings …………... 21,555,631 common shares

Robert Washer (Chairman of the Board)
Cinergy Capital …………..11,231,284
Valorium Int’l ……………… 8,007,284
Held Directly .........................500,000.
Robert Washer Total ….. 19,738,568 common shares


Leonard Clough (Director)... 454,800
Mark Bailey (Director) ..........135,600



Total Insider Holdings … 41,884,599 common shares
Shares Outstanding …….106,842,412 common shares



% of insider holdings ----- 39.20 %











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ReplyMessage PreviewFromRecsPosted
1864Core Gold Announces Year to Date Gold Production and Operational Results at New pstad601yesterday
1863Core Gold starting to do some marketing ...... b-tv.com I spoke with Luis Zpstad60-November 15
1862 Core Gold Announces Closing of Oversubscribed Private Placement VANCOUVER, pstad60-October 14
1861Core Gold Announces the Completion of Name Change and New Trading Symbol “CGLD” LoneClone-September 28
1860Thank you. I've updated the spreadsheet.dara-September 28
1859 Dynasty Announces Name Change to "Core Gold Inc.," New Trading Sympstad60-September 27
1858 Dynasty Announces Completion of $609,973 First Tranche of Private Placement pstad60-September 18
1857 LoneClone, That was one of the main attractions to the company for me as well,pstad601September 7
1856Let's hope the new regime is as good at mining as it is at diluting existingLoneClone-September 7
1855 Dynasty Announces $1,300,000 Private Placement VANCOUVER, British Columpstad60-September 7
1854 Dynasty Announces Closing of Oversubscribed Private Placement VANCOUVER, Bripstad60-September 6
1853 Dynasty Announces Annual General and Special Meeting Voting Results VANCOUVER, pstad60-August 31
1852Update on additional financing announced on July 27 Dynasty Announces Completipstad60-August 5
1851 ..... and a little more insider participation in the second tranche of the finpstad60-July 17
1850 Good to see insider participation in the recently announced financing ... pstad60-July 3
1849 Dynasty Provides an Update on $2,500,000 Private Placement Financing VANCOUpstad60-June 28
1848 Dynasty Announces $2,500,000 Private Placement Financing VANCOUVER, BRITISpstad60-June 7
1847 Dynasty Provides a Corporate Update VANCOUVER, BRITISH COLUMBIA--(Marketwipstad60-June 6
1846I thought I had ditched all my DMM share when bankruptcy threatened, but just foLoneClone-May 24
1845 More insider buying .... Q1 2017 financials were issued on May 15 2017 and cpstad60-May 24
1844 Dynasty Announces Lifting of Management Cease Trade Order VANCOUVER, BRITISpstad60-May 3
1843 Corporate Update ... Dynasty Announces Completion of US$500,000 Private Ppstad60-April 26
1842 Dynasty Provides Bi-Weekly Update on Status of Management Cease Trade Order pstad60-April 19
1841 Dynasty Announces Further Extension of TSX Delisting Decision VANCOUVER, BRIpstad60-April 12
1840 Dynasty Completes US$500,000 Private Placement VANCOUVER, BRITISH COLUMBIpstad60-April 4
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