Result of General Meeting and PDMR Dealings

RNS Number : 3764K

Cora Gold Limited

21 April 2020

 

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

21 April 2020

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

Result of General Meeting and PDMR Dealings

Cora Gold Limited, the West African focused gold company, announces that at its General Meeting held earlier today, Tuesday 21 April 2020, all Resolutions were duly passed by the Company's shareholders.

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

	Votes for		Votes against		Votes withheld
Resolution	Number	%	Number	%	Number
Resolution 1	16,643,558	100%	11	-	14,984
Resolution 2	16,629,908	100%	11	-	28,634

Admission and Total Voting Rights

Following the passing of the Resolutions, admission to trading on AIM of the 60,838,603 depositary interests of no par value in the Company (the 'Subscription Shares') issued pursuant to the subscription announced on 18 March 2020 (the 'Fundraising') will occur at 8.00 a.m. on Wednesday 22 April 2020 ('Admission'). As announced on 18 March 2020 certain directors of the Company participated in the Fundraising for Subscription Shares.

Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 190,515,170 depositary interests of no-par value each. The above figure of 190,515,170 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 Fundraising announced on 18 March 2020 Edward Bowie (non-executive director and Chairman of the Board) and Robert Monro (Chief Executive Officer and a director) subscribed for a total of 526,315 depositary interests of no par value each in the Company. Following such subscriptions, Edward Bowie has an interest in a total of 361,510 ordinary shares of the Company, representing 0.19% of the Enlarged Issued Share Capital, and Robert Monro has an interest in a total of 1,200,039 ordinary shares of the Company, representing 0.63% of the Enlarged Issued Share Capital.

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:	Edward Bowie
2.	Reason for the notification
a)	Position/status:	Independent Non-Executive Director and Chairman of the Board of Directors
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:	Subscription for depositary interests of no par value
c)	Price(s) and volume(s):	Price(s) Volume(s) 4.75 pence 210,526
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4.c) above Price(s) Volume(s) 4.75 pence 210,526
e)	Date of the transaction:	21 April 2020
f)	Place of the transaction:	Outside of a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Robert Monro
2.	Reason for the notification
a)	Position/status:	Chief Executive Officer and a 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:	Subscription for depositary interests of no par value
c)	Price(s) and volume(s):	Price(s) Volume(s) 4.75 pence 315,789
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4.c) above Price(s) Volume(s) 4.75 pence 315,789
e)	Date of the transaction:	21 April 2020
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:

Bert Monro / Jon Forster	Cora Gold Limited	[phone]
Ewan Leggat / Charlie Bouverat	SP Angel (Nomad & Joint Broker)	[phone]
Andy Thacker / Zoe Alexander	Turner Pope Investments (Joint Broker)	[phone]
Megan Dennison / Susie Geliher	St Brides Partners (Financial PR)	[phone]

Notes

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 Project, 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 84% IRR and US$30.9m NPV at a US$1,400 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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