Cora Gold Limited Replacement of Exercise of Warrants (6718A)

TIDMCORA

RNS Number : 6718A

Cora Gold Limited

30 September 2020

The following amendment has been made to the 'Exercise of Warrants' announcement released on 29 September at 15.10 under RNS No 4790A.

Admission to trading on AIM and dealings are now expected to commence on 6 October 2020 as opposed to previously announced 5 October 2020.

All other details remain unchanged.

The full amended text is shown below.

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

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

Exercise of Warrants

Cora Gold Limited, the West African focused gold company, announces that on 29 September 2020 warrantholders have exercised their right to subscribe for a total of 2,285,714 depositary interests of no par value each in the Company ('Ordinary Shares') at a price of 10 pence (British pound sterling) per Ordinary Share expiring on 30 September 2020 raising a total of GBP228,571.40.

Admission and Total Voting Rights

Admission to trading on AIM of the 2,285,714 depositary interests of no par value in the Company issued pursuant to the exercise of warrants will occur at 8.00 a.m. on 06 October 2020 ('Admission').

Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 204,667,874 Ordinary Shares of no-par value each. The above figure of 204,667,874 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in Cora under the FCA's Disclosure and Transparency Rule.

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:

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

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCSDSFMSESSEFU

(END) Dow Jones Newswires

September 30, 2020 12:11 ET (16:11 GMT)