ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

CORA Cora Gold Limited

1.75
0.00 (0.00%)
Last Updated: 08:00:06
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cora Gold Limited LSE:CORA London Ordinary Share VGG2423W1077 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.75 1.70 1.80 1.80 1.75 1.75 258,144 08:00:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -2.51M -0.0068 -2.57 6.48M

Cora Gold Limited Shares Option Scheme (8488Z)

20/12/2017 7:00am

UK Regulatory


Cora Gold (LSE:CORA)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Cora Gold Charts.

TIDMCORA

RNS Number : 8488Z

Cora Gold Limited

20 December 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this announcement via a regulatory information service ("RIS"), the inside information contained in this document is now considered to be in the public domain.

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

20 December 2017

Cora Gold Limited ("Cora Gold", "Cora" or "the Company")

Share Option Scheme

Cora Gold Limited, the West African focused gold exploration company, announces the establishment of a share option scheme (the "Scheme") and the granting of options (the "Options").

As outlined in the Company's Admission Document dated 4 October 2017, the formation of a Scheme has been under consideration as a tool to further align the interests of the Board and Management with those of Cora Gold's shareholders.

On 18 December 2017 Options were granted over a total of 2,550,000 ordinary shares of no par value in the capital of the Company ("Ordinary Shares"), equivalent to 4.64% of the current issued Ordinary Shares. The exercise price of the Options is 16.50 pence per Ordinary Share, a premium of 34.69% to the previous trading day's closing mid-market price of the Ordinary Shares. The Options are for a period of five years from the Date of Grant.

The Options are subject to the following principal conditions:

   1.         Each option holder executing an option deed letter with the Company ("Grant Date"); 
   2.         Approval by shareholders at the Company's next annual general meeting ("Approval"); 
   3.         The Options are not assignable or transferable; 

4. The option holder remaining a director, employee or consultant to the Company or a subsidiary of the Company, or for a period not exceeding six-months of them ceasing to be such, or twelve-months in the event of death;

5. One quarter of the Options vesting immediately on the later of the Grant Date and Approval;

6. One quarter of the Options vesting six-months from the later of the Grant Date and Approval;

7. One quarter of the Options vesting twelve-months from the later of the Grant Date and Approval; and

8. One quarter of the Options vesting eighteen-months from the later of the Grant Date and Approval.

The Options that have been granted to 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 person discharging managerial responsibilities 
       / person closely associated 
---  ------------------------------------------------------------------------ 
 a)   Name                              Geoffrey McNamara 
---  --------------------------------  -------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------ 
 a)   Position / status                 Director and Non-Executive Chairman 
---  --------------------------------  -------------------------------------- 
 b)   Initial notification              Initial 
       / Amendment 
---  --------------------------------  -------------------------------------- 
 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                    Share options over Ordinary Shares 
       the financial                     of no par value 
       instrument, type 
       of instrument 
 
       Identification                    VGG2423W1077 
       code 
---  --------------------------------  -------------------------------------- 
 b)   Nature of the                     Grant of share options 
       transaction 
---  --------------------------------  -------------------------------------- 
 c)   Price(s) and                      Price(s)              Volume(s) 
       volume(s) 
                                         0.165 GBP             325,000 
---  --------------------------------  --------------------  ---------------- 
 d)   Aggregated information 
        *    Aggregated volume           325,000 
                                          0.165 GBP 
 
        *    Price 
---  --------------------------------  -------------------------------------- 
 e)   Date of the transaction           18 December 2017 
---  --------------------------------  -------------------------------------- 
 f)   Place of the                      AIM (LSE) 
       transaction 
---  --------------------------------  -------------------------------------- 
 
 
 1    Details of person discharging managerial responsibilities 
       / person closely associated 
---  ------------------------------------------------------------------------- 
 a)   Name                              Jonathan Forster 
---  --------------------------------  --------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------- 
 a)   Position / status                 Director and Chief Executive Officer 
---  --------------------------------  --------------------------------------- 
 b)   Initial notification              Initial 
       / Amendment 
---  --------------------------------  --------------------------------------- 
 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                    Share options over Ordinary Shares 
       the financial                     of no par value 
       instrument, type 
       of instrument 
 
       Identification                    VGG2423W1077 
       code 
---  --------------------------------  --------------------------------------- 
 b)   Nature of the                     Grant of share options 
       transaction 
---  --------------------------------  --------------------------------------- 
 c)   Price(s) and                      Price(s)              Volume(s) 
       volume(s) 
                                         0.165 GBP             400,000 
---  --------------------------------  --------------------  ----------------- 
 d)   Aggregated information 
        *    Aggregated volume           400,000 
                                          0.165 GBP 
 
        *    Price 
---  --------------------------------  --------------------------------------- 
 e)   Date of the transaction           18 December 2017 
---  --------------------------------  --------------------------------------- 
 f)   Place of the                      AIM (LSE) 
       transaction 
---  --------------------------------  --------------------------------------- 
 
 
 1    Details of person discharging managerial responsibilities 
       / person closely associated 
---  ----------------------------------------------------------------------------- 
 a)   Name                              Hummingbird Resources plc 
---  --------------------------------  ------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------- 
 a)   Position / status                 In relation to the provision of 
                                         services of Robert Monro (Non-Executive 
                                         Director) 
---  --------------------------------  ------------------------------------------- 
 b)   Initial notification              Initial 
       / Amendment 
---  --------------------------------  ------------------------------------------- 
 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                    Share options over Ordinary Shares 
       the financial                     of no par value 
       instrument, type 
       of instrument 
 
       Identification                    VGG2423W1077 
       code 
---  --------------------------------  ------------------------------------------- 
 b)   Nature of the                     Grant of share options 
       transaction 
---  --------------------------------  ------------------------------------------- 
 c)   Price(s) and                      Price(s)                 Volume(s) 
       volume(s) 
                                         0.165 GBP                275,000 
---  --------------------------------  -----------------------  ------------------ 
 d)   Aggregated information 
        *    Aggregated volume           275,000 
                                          0.165 GBP 
 
        *    Price 
---  --------------------------------  ------------------------------------------- 
 e)   Date of the transaction           18 December 2017 
---  --------------------------------  ------------------------------------------- 
 f)   Place of the                      AIM (LSE) 
       transaction 
---  --------------------------------  ------------------------------------------- 
 
 
 1    Details of person discharging managerial responsibilities 
       / person closely associated 
---  ----------------------------------------------------------------------- 
 a)   Name                              David Pelham 
---  --------------------------------  ------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------- 
 a)   Position / status                 Non-Executive Director 
---  --------------------------------  ------------------------------------- 
 b)   Initial notification              Initial 
       / Amendment 
---  --------------------------------  ------------------------------------- 
 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                    Share options over Ordinary Shares 
       the financial                     of no par value 
       instrument, type 
       of instrument 
 
       Identification                    VGG2423W1077 
       code 
---  --------------------------------  ------------------------------------- 
 b)   Nature of the                     Grant of share options 
       transaction 
---  --------------------------------  ------------------------------------- 
 c)   Price(s) and                      Price(s)             Volume(s) 
       volume(s) 
                                         0.165 GBP            275,000 
---  --------------------------------  -------------------  ---------------- 
 d)   Aggregated information 
        *    Aggregated volume           275,000 
                                          0.165 GBP 
 
        *    Price 
---  --------------------------------  ------------------------------------- 
 e)   Date of the transaction           18 December 2017 
---  --------------------------------  ------------------------------------- 
 f)   Place of the                      AIM (LSE) 
       transaction 
---  --------------------------------  ------------------------------------- 
 
 
 1    Details of person discharging managerial responsibilities 
       / person closely associated 
---  ----------------------------------------------------------------------- 
 a)   Name                              Paul Quirk 
---  --------------------------------  ------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------- 
 a)   Position / status                 Non-Executive Director 
---  --------------------------------  ------------------------------------- 
 b)   Initial notification              Initial 
       / Amendment 
---  --------------------------------  ------------------------------------- 
 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                    Share options over Ordinary Shares 
       the financial                     of no par value 
       instrument, type 
       of instrument 
 
       Identification                    VGG2423W1077 
       code 
---  --------------------------------  ------------------------------------- 
 b)   Nature of the                     Grant of share options 
       transaction 
---  --------------------------------  ------------------------------------- 
 c)   Price(s) and                      Price(s)             Volume(s) 
       volume(s) 
                                         0.165 GBP            275,000 
---  --------------------------------  -------------------  ---------------- 
 d)   Aggregated information 
        *    Aggregated volume           275,000 
                                          0.165 GBP 
 
        *    Price 
---  --------------------------------  ------------------------------------- 
 e)   Date of the transaction           18 December 2017 
---  --------------------------------  ------------------------------------- 
 f)   Place of the                      AIM (LSE) 
       transaction 
---  --------------------------------  ------------------------------------- 
 
 
 1    Details of person discharging managerial responsibilities 
       / person closely associated 
---  ------------------------------------------------------------------------ 
 a)   Name                              Craig Banfield 
---  --------------------------------  -------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------ 
 a)   Position / status                 Chief Financial Officer and Company 
                                         Secretary 
---  --------------------------------  -------------------------------------- 
 b)   Initial notification              Initial 
       / Amendment 
---  --------------------------------  -------------------------------------- 
 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                    Share options over Ordinary Shares 
       the financial                     of no par value 
       instrument, type 
       of instrument 
 
       Identification                    VGG2423W1077 
       code 
---  --------------------------------  -------------------------------------- 
 b)   Nature of the                     Grant of share options 
       transaction 
---  --------------------------------  -------------------------------------- 
 c)   Price(s) and                      Price(s)              Volume(s) 
       volume(s) 
                                         0.165 GBP             400,000 
---  --------------------------------  --------------------  ---------------- 
 d)   Aggregated information 
        *    Aggregated volume           400,000 
                                          0.165 GBP 
 
        *    Price 
---  --------------------------------  -------------------------------------- 
 e)   Date of the transaction           18 December 2017 
---  --------------------------------  -------------------------------------- 
 f)   Place of the                      AIM (LSE) 
       transaction 
---  --------------------------------  -------------------------------------- 
 

**S **

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

 
                                                          +44 (0) 20 3239 
  Jon Forster               Cora Gold                      0010 
  John Depasquale/Nick      Allenby Capital (Nominated    +44 (0) 20 3328 
   Harriss/ Liz Kirchner     Adviser)                      5656 
  Peter Krens/Nick          Mirabaud Securities           +44 (0) 20 3167 
   Orgill                    (Joint Broker)                7150 
                            Beaufort Securities           +44 (0) 20 7382 
  Jon Belliss                (Joint Broker)                8300 
  Lottie Wadham/Susie       St Brides Partners            +44 (0) 20 7236 
   Geliher                   (Financial PR)                1177 
 

Notes to the Editors

Cora Gold is a new gold exploration 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 Gold's primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (South Mali), which Cora Gold believes has the potential for a standalone mine development. Cora Gold's highly experienced and successful management team has a proven track record in making multi-million ounce gold discoveries which have been developed into profitable mines.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHMMMMZNLGGNZM

(END) Dow Jones Newswires

December 20, 2017 02:00 ET (07:00 GMT)

1 Year Cora Gold Chart

1 Year Cora Gold Chart

1 Month Cora Gold Chart

1 Month Cora Gold Chart

Your Recent History

Delayed Upgrade Clock