Result of General Meeting and PDMR Dealings

RNS Number : 9949N

Cora Gold Limited

27 September 2019

 

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

27 September 2019

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

Result of General Meeting and PDMR Dealings

Cora Gold Limited, the West African focused gold exploration company, announces that at its General Meeting held earlier today, Friday 27 September 2019, all Resolutions were duly passed by the Company's shareholders.

The votes were cast as follows in respect of shareholders who have appointed the Chairman of the meeting as their proxy:

Resolution	Votes for	%	Votes against	%	Votes withheld
Resolution 1	26,251,554	100%	-	-	-
Resolution 2	26,251,554	100%	-	-	-

Admission and Total Voting Rights

Following the passing of the Resolutions, the Directors anticipate that the admission to trading of the 28,571,428 depositary interests of no par value in the Company ("the Fundraising Shares") issued pursuant to the placing and subscription announced on 05 September 2019 (the "Placing and Subscription"), and the subsequent PDMR Subscription as announced on 23 September 2019 (the "PDMR Subscription") will occur at 8.00am on Monday 30 September 2019 ("Admission").

Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 129,676,567 depositary interests of no-par value each.  The above figure of 129,676,567 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.

Director dealing:

Pursuant to the PDMR Subscription announced on 23 September 2019, an entity connected to Paul Quirk (non-executive director), Edward Bowie (non-executive director) and Robert Monro (non-board, Business Development Manager), subscribed for 642,856 depositary interests of no par value each in the Company.

As previously announced each Fundraising Share has a warrant attached to subscribe for one new ordinary share at a price of 10 pence per share for a period of 12 months from the date of Admission (the "Fundraising Warrants").  The Fundraising Warrants will not be listed.

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

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	1.    Paul Quirk*
2.	Reason for the notification
a)	Position/status:	1.    Non-Executive Director
b)	Initial notification/Amendment:	Initial notification
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:	Depositary Interests of no par value ISIN: VGG2423W1077
b)	Nature of the transaction:	1. Issue of ordinary shares for subscription in private placement 2. Warrants to subscribe for one new ordinary share at a price of 10 pence per share for a period of 12 months from the date of Admission
c)	Price(s) and volume(s):	Price(s) Volume(s) 1. 7 p 2. 10 p 1.    357,142 2.    357,142
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 1.    7 p 2. 10 p 1.    357,142 2.    357,142
e)	Date of the transaction:	27 September 2019
f)	Place of the transaction:	Outside of a trading venue

*Pursuant to the PDMR Subscription the Fundraising Shares were subscribed for by Key Ventures Holding Ltd, the Sole shareholder is First Island Trust Company Limited as Trustee of The Sunnega Trust of which Paul Quirk (a Non-Executive Director of Cora Gold Limited) is a beneficiary

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	1.    Edward Bowie
2.	Reason for the notification
a)	Position/status:	1.    Non-Executive Director
b)	Initial notification/Amendment:	Initial notification
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:	Depositary Interests of no par value ISIN: VGG2423W1077
b)	Nature of the transaction:	1. Issue of ordinary shares for subscription in private placement 2. Warrants to subscribe for one new ordinary share at a price of 10 pence per share for a period of 12 months from the date of Admission
c)	Price(s) and volume(s):	Price(s) Volume(s) 1.    7 p 2. 10 p 1.    142,857 2.    142,857
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 1.    7 p 2. 10 p 1.    142,857 2.    142,857
e)	Date of the transaction:	27 September 2019
f)	Place of the transaction:	Outside of a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	1.    Robert Monro
2.	Reason for the notification
a)	Position/status:	1.    Non-Board Business Development Manager
b)	Initial notification/Amendment:	Initial notification
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:	Depositary Interests of no par value ISIN: VGG2423W1077
b)	Nature of the transaction:	1. Issue of ordinary shares for subscription in private placement 2. Warrants to subscribe for one new ordinary share at a price of 10 pence per share for a period of 12 months from the date of Admission
c)	Price(s) and volume(s):	Price(s) Volume(s) 1.    7 p 2. 10 p 1.    142,857 2.    142,857
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 1.    7 p 2. 10 p 1.    142,857 2.    142,857
e)	Date of the transaction:	27 September 2019
f)	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.

**ENDS**

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

Jon Forster / Bert Monro	Cora Gold	[phone]
Ewan Leggat / Charlie Bouverat	SP Angel (Nomad & Broker)	[phone]
Gaby Jenner/Melissa Hancock	St Brides Partners (Financial PR)	[phone]

Notes to the Editors

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.

 

END

 

 

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