Cora Gold Limited Board Appointment (2955B)

TIDMCORA

RNS Number : 2955B

Cora Gold Limited

07 October 2020

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

07 October 2020

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

Board Appointment

Cora Gold Limited, the West African focused gold company, is pleased to announce the appointment of Mr. Andrew Chubb to the Board of Cora as an Independent Non-Executive Director with immediate effect.

Andrew is currently a Partner and Head of Mining at natural resources focused investment bank Hannam & Partners. Previously, Andrew was a Managing Director at Canaccord Genuity, where he worked for eight years in the natural resources team. He has a broad range of international corporate finance, restructuring, capital markets and M&A experience focusing on the metals, mining and natural resources sectors. At the date of this announcement, Mr. Chubb holds a total of 210,526 ordinary shares in the Company.

During Andrew's career, he has successfully advised on numerous IPOs, public and private equity and convertible capital raises and M&A transactions including AIM, TSX, ASX, NASDAQ and Official List companies, with a particular focus on Africa. Prior to joining Canaccord Genuity, he spent four years with law firm BLP and has a first class law degree from Manchester University.

Ed Bowie, Non-Executive Chairman, said, "Andrew's extensive experience working in the natural resources sector advising AIM listed companies, particularly in Africa, will be invaluable to Cora. Cora is extremely pleased to welcome him to the board with immediate effect as we are embarking on an exciting and busy period for the Company."

INFORMATION REQUIRED UNDER SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES.

 
 Full name          Andrew Howard Chubb 
 Age                4 2 
                   ----------------------- 
 Current            None 
  directorships: 
                   ----------------------- 
 Historic           H annam & Partners LLP 
  directorships 
  from previous 
  5 years: 
                   ----------------------- 
 

There is no further information to be disclosed in relation to the appointments of Andrew Chubb pursuant to Schedule 2, paragraph (g) of the AIM Rules.

**ENDS**

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

 
                                                        [phone] 
 Bert Monro / Norm Bailie    Cora Gold Limited           0010 
 Christopher Raggett /       finnCap Ltd                [phone] 
  Charlie Beeson              (Nomad & Joint Broker)     0500 
                             Turner Pope Investments    [phone] 
 Andy Thacker                 (Joint Broker)             0050 
 Megan Dennison / Susie      St Brides Partners         [phone] 
  Geliher                     (Financial PR)             1177 
 

Notes

Cora Gold 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 an 107% IRR and US$41.5m NPV(8) at a US$1,500 gold price. Cora's highly experienced management team has a proven track record in making multi-million-ounce gold discoveries, which have been developed into operating mines.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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October 07, 2020 02:00 ET (06:00 GMT)