Coral Gold Resources Ltd. Announces Offer Received by U.S. Gold Corporation.VANCOUVER, British Columbia -- Coral Gold Resources Ltd. (the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CGR)(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CGREF)(BERLIN:GV8)(FWB:GV8) announces that it has received an offer by U.S. Gold Corporation to acquire all of the Company's outstanding common shares. The proposal was received from Robert McEwen, Chairman and Chief Executive Officer of U.S. Gold Corporation. Under the proposal, U.S. Gold Corporation would offer 0.63 share of U.S. Gold common stock for each outstanding common share of the Company. The management of the Company will take this proposal under consideration. On behalf of the Board of Directors of Coral Gold Resources Ltd. Louis Wolfin, Director The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of the content of this news re lease. Coral Gold Resources Ltd. (TSX VENTURE:CGR) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CGREF) (BERLIN:GV8) (FRANKFURT:GV8) |
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