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Cora Gold Limited - Director Dealing

RNS Number : 1761R
Cora Gold Limited
25 October 2019
 

Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining

25 October 2019

Cora Gold Limited ("Cora", "Cora Gold" or "the Company")

Director Dealing

 

Cora Gold Limited ('Cora Gold', 'Cora' or 'the Company'), the West African focused gold exploration company, announces that on 23 October 2019 Tanamera Resources Pte Ltd ('Tanamera'), a company wholly owned by Geoffrey McNamara (a non-executive director and chairman of Cora Gold), sold 100,000 ordinary shares of no par value in the Company ('Ordinary Shares') at a price of 7.1 pence per Ordinary Share. Following this sale Tanamera is now interested in 1,504,242 Ordinary Shares, equal to approximately 1.16 per cent. of the Company's issued share capital.

 

The Ordinary Shares that have been sold by persons discharging management responsibility ("PDMR") under the Market Abuse Regulation are detailed below.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of person discharging managerial responsibilities / person closely associated

a)

Name

Geoffrey McNamara *

2

Reason for the notification

a)

Position / status

Non-Executive Director and Chairman

b)

Initial notification / Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cora Gold Limited

b)

LEI

213800TW2N9JJYCUDD71

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of no par value

 

 

 

VGG2423W1077

b)

Nature of the transaction

Sale of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

0.071 GBP

Volume(s)

100,000

d)

Aggregated information

-                       Aggregated volume

-              Price

 

100,000

0.071 GBP

e)

Date of the transaction

23 October 2019

f)

Place of the transaction

LSE: AIM

 * The Ordinary Shares were sold by Tanamera Resources Pte Ltd, a company wholly owned by Geoffrey McNamara (a Non-Executive Director and Chairman of Cora Gold Limited)

 

Market Abuse Regulation ("MAR") Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

**ENDS**

 

For further information, please visit http://www.coragold.com or contact:

 

Jon Forster / Bert Monro

Cora Gold Limited

+44 (0) 20 3239 0010

Ewan Leggat / Charlie Bouverat

SP Angel

(Nomad & Joint Broker)

+44 (0) 20 3470 0470

Andy Thacker / Zoe Alexander

Turner Pope Investments

(Joint Broker)

+44 (0) 20 3657 0050

Isabel de Salis / Megan Dennison

St Brides Partners

(Financial PR)

+44 (0) 20 7236 1177

 

Notes

Cora Gold is a gold exploration company focused on two world class gold regions in Mali and Senegal in West Africa. Historical exploration has resulted in the highly prospective Sanankoro Gold Discovery, in addition to multiple, high potential, drill ready gold targets within its broader portfolio. Cora Gold's primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (Southern Mali), which Cora Gold believes has the potential for a standalone mine development. Cora Gold's highly experienced and successful management team has a proven track record in making multi-million-ounce gold discoveries, which have been developed into operating mines.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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DSHFEWSUIFUSELS

Quick facts: Cora Gold Limited

Price: 8.95

Market: AIM
Market Cap: £17.22 m
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