Exercise of Warrants

RNS Number : 6194Y
Cora Gold Limited
10 September 2020
 

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

 

10 September 2020

 

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

Exercise of Warrants

 

Cora Gold Limited, the West African focused gold company, announces that on 09 September 2020 a certain director of the Company exercised his right as a warrantholder to subscribe for a total of 142,857 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 £14,285.70.

 

Admission and Total Voting Rights

 

Admission to trading on AIM of the 142,857 depositary interests of no par value in the Company issued pursuant to the exercise of warrants will occur at 8.00 a.m. on 16 September 2020 ('Admission').

 

Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 192,392,160 depositary interests of no-par value each. The above figure of 192,392,160 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 exercise of warrants Robert Monro (Chief Executive Officer and a director) subscribed for a total of 142,857 Ordinary Shares. Following such subscription Robert Monro has an interest in a total of 1,396,896 Ordinary Shares of the Company, representing 0.73% 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:

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:

Exercise of warrants to subscribe for one new ordinary share at a price of 10 pence per ordinary share expiring on 30 September 2020

 c)

 Price(s) and volume(s):

 

 Price(s)

 Volume(s)

10 p

142,857

 d)

 Aggregated information:

 Aggregated volume:

 Price:

 Single transaction as in 4 c) above

 Price(s)

 Volume(s)

10 p

142,857

 e)

 Date of the transaction:

 09 September 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

Cora Gold Limited

+44 (0) 20 3239 0010

Christopher Raggett / Charlie Beeson

finnCap Ltd

(Nomad & Joint Broker)

+44 (0) 20 7220 0500

Andy Thacker

Turner Pope Investments

(Joint Broker)

+44 (0) 20 3657 0050

Megan Dennison / Susie Geliher

St Brides Partners

(Financial PR)

+44 (0) 20 7236 1177

 

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 an 107% IRR and US$41.5m NPV at a US$1,500 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.

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHGPUAUBUPUURU
UK 100

Latest directors dealings