Exercise of Warrants

RNS Number : 4790A

Cora Gold Limited

29 September 2020

 

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

29 September 2020

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

Exercise of Warrants

Cora Gold Limited, the West African focused gold company, announces that on 29 September 2020 warrantholders have exercised their right to subscribe for a total of 2,285,714 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 £228,571.40.

Admission and Total Voting Rights

Admission to trading on AIM of the 2,285,714 depositary interests of no par value in the Company issued pursuant to the exercise of warrants will occur at 8.00 a.m. on 05 October 2020 ('Admission').

Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 204,667,874 Ordinary Shares of no-par value each. The above figure of 204,667,874 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.

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 / Norm Bailie	Cora Gold Limited	[phone]
Christopher Raggett / Charlie Beeson	finnCap Ltd (Nomad & Joint Broker)	[phone]
Andy Thacker	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 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 107% IRR and US$41.5m NPV (8% discount rate) at a gold price of US$1,500 / oz. Cora's highly experienced management team has a proven track record in making multi-million-ounce gold discoveries across Africa which have been developed into operating mines.

 

END

 

 

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