Results of General Meeting

RNS Number : 3715R

Cora Gold Limited

28 February 2023

 

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

28 February 2023

Cora Gold Limited

('Cora' or 'the Company')

Results of General Meeting

Cora Gold Limited, the West African focused gold company, announces that at its General Meeting held earlier today, Tuesday 28 February 2023, all resolutions were duly passed by the Company's shareholders.

The votes cast at the General Meeting, including those in respect of shareholders who appointed the Chair of the Meeting as their proxy, were as follows:

	Votes for		Votes against		Votes withheld
	Number	%	Number	%	Number
Ordinary Resolution 1: Allot ordinary shares	42,189,890	99.94%	24,967	0.06%	18,529
Special Resolution 1: Issue ordinary shares	42,189,890	99.94%	24,967	0.06%	18,529
Special Resolution 2: Issue equity securities	42,189,890	99.94%	24,967	0.06%	18,529

As a result of the passing of the resolutions detailed above, the purchases by persons discharging management responsibility ('PDMR') under the Market Abuse Regulation are detailed below.

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.  Robert Monro 2.  Edward Bowie
2.	Reason for the notification
a)	Position/status:	1.  Chief Executive Officer and Director 2.  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:	Purchase
c)	Price(s) and volume(s):	Director/PDMR  Price(s)  Volume(s) Robert Monro US$0.0487 206,000 Edward Bowie US$0.0487 100,000
d)	Aggregated information:  Aggregated volume:  Price:	Single transactions as in 4 c) above
e)	Date of the transaction:	28 February 2023
f)	Place of the transaction:	London Stock Exchange

Market Abuse Regulation ('MAR') Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ('MAR'), which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, until the release of this announcement.

* * ENDS * *

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

Bert Monro Craig Banfield	Cora Gold Limited	[e-mail]
Christopher Raggett Charlie Beeson	finnCap Ltd (Nomad & Joint Broker)	[phone]
Andy Thacker James Pope	Turner Pope Investments (Joint Broker)	[phone]
Susie Geliher Charlotte Page Isabelle Morris	St Brides Partners (Financial PR)	[e-mail]

Notes

Cora is a West African gold developer with three principal de-risked project areas within two known gold belts in Mali and Senegal covering c.900 sq km. Led by a team with a proven track record in making multi-million ounce gold discoveries that have been developed into operating mines, its primary focus is on developing the Sanankoro Gold Project in the Yanfolila Gold Belt, southern Mali, into an open pit oxide mine. Based on a gold price of US$1,750/oz and a Maiden Probable Reserve of 422 koz at 1.3 g/t Au, the project has strong economic fundamentals, including 52% IRR, US$234 million Free Cash Flow over life of mine and all-in sustaining costs of US$997/oz.

 

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