Cora Gold Limited Results of General Meeting (3715R)

TIDMCORA

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                    Depositary Interests of no par value 
         financial instrument, 
         type of instrument:                   ISIN: VGG2423W1077 
         Identification code: 
      ---------------------------------  --------------------------------------------- 
  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:            Single transactions as in 4 c) above 
         Aggregated volume: 
         Price: 
      ---------------------------------  --------------------------------------------- 
  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.com or contact:

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

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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February 28, 2023 08:30 ET (13:30 GMT)