Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining
06 September 2021
Cora Gold Limited ('Cora' or 'the Company')
Exercise of Share Options
Cora Gold Limited, the West African focused gold company, announces that on 06 September 2021 a share option holder has exercised their right to subscribe for a total of 1,250,000 depositary interests of no par value each in the Company ('Ordinary Shares') at a price of 8.5 pence (British pound sterling) per Ordinary Share expiring on 09 October 2023 raising a total of £106,250.
Admission and Total Voting Rights
Admission to trading on AIM of the 1,250,000 depositary interests of no par value in the Company issued pursuant to the exercise of share options will occur at 8.00 a.m. on 10 September ('Admission').
Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 247,057,159 depositary interests of no-par value each. The above figure of 247,057,159 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 Financial Conduct Authority'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, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, until the release of this announcement.
For further information, please visit http://www.coragold.com or contact:
Bert Monro / Norm Bailie
Cora Gold Limited
+44 (0) 20 3239 0010
Christopher Raggett / Charlie Beeson
(Nomad & Joint Broker)
+44 (0) 20 7220 0500
Andy Thacker / James Pope
Turner Pope Investments
+44 (0) 20 3657 0050
Susie Geliher / Selina Lovell
St Brides Partners
+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. 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.