Cora Gold Limited Director Dealing (0101R)

TIDMCORA

RNS Number : 0101R

Cora Gold Limited

03 March 2021

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

03 March 2021

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

Director Dealing

Cora Gold Limited, the West African focused gold company, is pleased to announce that on 03 March 2021, Robert Monro, the Company's Chief Executive Officer and a director, purchased 150,000 ordinary shares of no par value in the Company ('Ordinary Shares') at a weighted average price of 8.0625 pence per Ordinary Share. Following this dealing Robert Monro is now interested in 1,546,896 Ordinary Shares, equal to approximately 0.75 per cent. of the Company's issued share capital.

The Ordinary Shares that have been purchased 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:                              Robert Monro 
      ----------------------------------  -------------------------------------- 
  2.    Reason for the notification 
      -------------------------------------------------------------------------- 
  a)    Position/status:                   Chief Executive Officer 
                                            and a 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 financial           Depositary Interests 
         instrument, type of instrument:        of no par value 
         Identification code: 
                                                ISIN: VGG2423W1077 
      ----------------------------------  -------------------------------------- 
  b)    Nature of the transaction:         Acquisition 
      ----------------------------------  -------------------------------------- 
  c)    Price(s) and volume(s):              Price(s)   Volume(s) 
                                              8 p        125,000 
                                               8.375 p    25,000 
                                                        ---------- 
      ----------------------------------  -------------------------------------- 
  d)    Aggregated information:             Single transaction as 
         Aggregated volume:                  in 4 c) above Price(s)    Volume(s) 
         Price:                               8.0625 
                                               p          150,000 
                                                         ---------- 
      ----------------------------------  -------------------------------------- 
  e)    Date of the transaction:            03 March 2021 
      ----------------------------------  -------------------------------------- 
  f)    Place of the transaction:           AIM (LSE) 
      ----------------------------------  -------------------------------------- 
 

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:

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

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END

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March 03, 2021 04:32 ET (09:32 GMT)