Cora Gold Limited Replacement of Exercise of Warrants (6718A)
September 30 2020 - 12:11PM
UK Regulatory
TIDMCORA
RNS Number : 6718A
Cora Gold Limited
30 September 2020
The following amendment has been made to the 'Exercise of
Warrants' announcement released on 29 September at 15.10 under RNS
No 4790A.
Admission to trading on AIM and dealings are now expected to
commence on 6 October 2020 as opposed to previously announced 5
October 2020.
All other details remain unchanged.
The full amended text is shown below.
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector:
Mining
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 GBP228,571.40.
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 06 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 +44 (0) 20 3239 0010
finnCap Ltd
Christopher Raggett / Charlie Beeson (Nomad & Joint Broker) +44 (0) 20 7220 0500
Turner Pope Investments
Andy Thacker (Joint Broker) +44 (0) 20 3657 0050
St Brides Partners
Megan Dennison / Susie Geliher (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 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.
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END
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