Cora Gold Limited ("Cora", "Cora Gold" or "the Company")
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
Details of person discharging managerial responsibilities / person closely associated
Geoffrey McNamara *
Reason for the notification
Position / status
Non-Executive Director and Chairman
Initial notification / Amendment
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
Ordinary Shares of no par value
Nature of the transaction
Sale of Ordinary Shares
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
23 October 2019
Place of the transaction
* 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.
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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