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