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Cora Gold Limited - Exercise of Warrants

RNS Number : 6194Y
Cora Gold Limited
10 September 2020

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


10 September 2020


Cora Gold Limited ('Cora' or 'the Company')

Exercise of Warrants


Cora Gold Limited, the West African focused gold company, announces that on 09 September 2020 a certain director of the Company exercised his right as a warrantholder to subscribe for a total of 142,857 depositary interests of no par value each in the Company ('Ordinary Shares') at a price of 10 pence (British pound sterling) per Ordinary Share expiring on 30 September 2020 raising a total of £14,285.70.


Admission and Total Voting Rights


Admission to trading on AIM of the 142,857 depositary interests of no par value in the Company issued pursuant to the exercise of warrants will occur at 8.00 a.m. on 16 September 2020 ('Admission').


Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 192,392,160 depositary interests of no-par value each. The above figure of 192,392,160 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in Cora under the FCA's Disclosure and Transparency Rule.


Directors' Dealings


Pursuant to the exercise of warrants Robert Monro (Chief Executive Officer and a director) subscribed for a total of 142,857 Ordinary Shares. Following such subscription Robert Monro has an interest in a total of 1,396,896 Ordinary Shares of the Company, representing 0.73% of the Enlarged Issued Share Capital.







 Details of the person discharging managerial responsibilities/person closely associated



Robert Monro


 Reason for the notification



Chief Executive Officer and a Director


 Initial notification/Amendment:

 Initial notification


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



 Cora Gold Limited





 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.


 Description of the financial instrument, type of instrument:

 Identification code:

 Depositary Interests of no par value


 ISIN: VGG2423W1077


 Nature of the transaction:

Exercise of warrants to subscribe for one new ordinary share at a price of 10 pence per ordinary share expiring on 30 September 2020


 Price(s) and volume(s):




10 p



 Aggregated information:

 Aggregated volume:


 Single transaction as in 4 c) above



10 p



 Date of the transaction:

 09 September 2020


 Place of the transaction:

 Outside of a trading venue



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.




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


Bert Monro

Cora Gold Limited

+44 (0) 20 3239 0010

Christopher Raggett / Charlie Beeson

finnCap Ltd

(Nomad & Joint Broker)

+44 (0) 20 7220 0500

Andy Thacker

Turner Pope Investments

(Joint Broker)

+44 (0) 20 3657 0050

Megan Dennison / Susie Geliher

St Brides Partners

(Financial PR)

+44 (0) 20 7236 1177



Cora is a gold 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's primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (Southern Mali), which Cora believes has the potential for a standalone mine development. Sanankoro has a positive Scoping Study published on it showing an 107% IRR and US$41.5m NPV at a US$1,500 gold price. Cora's highly experienced management team has a proven track record in making multi-million-ounce gold discoveries, which have been developed into operating mines.


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Quick facts: Cora Gold Limited

Price: 8.5

Market: AIM
Market Cap: £17.46 m

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