Cora Gold Limited Result of General Meeting & Directors Dealing (4269X)

TIDMCORA

RNS Number : 4269X

Cora Gold Limited

29 April 2019

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

29 April 2019

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

Results of General Meeting and PDMR Dealing

Cora Gold Limited, the West African focused gold exploration company, announces that at its General Meeting held earlier today, Monday 29(th) April 2019, all Resolutions were duly passed by the Company's shareholders.

The votes were cast as follows in respect of shareholders who have appointed the Chairman of the meeting as their proxy:

 
                                           Votes against              Votes withheld 
   Resolution      Votes for     %                           % 
--------------  ------------  ----------  --------------  ---------  --------------- 
 Resolution 
  1              27,080,104    99.99996%   11              0.00004%   0 
--------------  ------------  ----------  --------------  ---------  --------------- 
 Resolution 
  2              27,080,104    99.99996%   11              0.00004%   0 
 

Admission and Total Voting Rights

Following the passing of the Resolutions, the Directors anticipate that the admission to trading of the 35,064,845 new ordinary shares of the Company issued pursuant to the placing and subscription announced on 5 April 2019 ("Placing and Subscription"), will occur at 8.00am on Tuesday 30 April 2019 ("Admission").

Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 101,105,139 ordinary shares of no-par value each. The above figure of 101,105,139 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.

Director dealing:

Pursuant to the Placing and Subscription, Robert Monro, a Non-Executive Director of the Company, Subscribed for 519,480 new ordinary shares in the Company. Of this holding Robert Monro has transferred 103,896 ordinary shares in the Company into the name of his dependent child. Accordingly, on Admission, Mr Monro's beneficial holding will remain as 567,480 ordinary shares representing approximately 0.56% the enlarged issued share capital of the Company as notified in the RNS of 05 April 2019.

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:                                         1. Jonathan Forster 
                                                     2. Paul Quirk 
                                                     3. Robert Monro 
     ---------------------------------  -------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status:                              1. Chief Executive Officer 
                                                     2. Non-Executive Director 
                                                     3. Non-Executive 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:         Issue of ordinary shares 
                                          for subscription in 
                                          private placement 
     ---------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)     Volume(s) 
                                            1. 3.85 p    1. 129,870 
                                             2. 3.85 p    2. 3,246,750 
                                             3. 3.85p     3. 519,480 
                                                        -------------- 
     ---------------------------------  -------------------------------------- 
 d)   Aggregated information:            Single transaction as 
       Aggregated volume:                 in 4 c) above 
       Price:                              Price(s)     Volume(s) 
                                           1. 3.85 p    1. 129,870 
                                            2. 3.85 p    2. 3,246,750 
                                            3. 3.85p     3. 519,480 
                                                       -------------- 
     ---------------------------------  -------------------------------------- 
 e)   Date of the transaction:           29 April 2019 
     ---------------------------------  -------------------------------------- 
 f)   Place of the transaction:          Outside of a trading 
                                          venue 
     ---------------------------------  -------------------------------------- 
 

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] 
 Jon Forster                    Cora Gold                     0010 
 Ewan Leggat / Charlie                                       [phone] 
  Bouverat                      SP Angel (Nomad & Broker)     0470 
                                St Brides Partners           [phone] 
 Gaby Jenner/Melissa Hancock     (Financial PR)               1177 
 

Notes to the Editors

Cora Gold is a 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 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.

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April 29, 2019 07:38 ET (11:38 GMT)