Cora Gold Limited - Exercise of Warrants
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining
11 June 2026
Cora Gold Limited ('Cora' or 'the Company')
Exercise of Warrants
Cora Gold Limited, the West African focused gold company, announces that as a holder of warrants on 10 June 2026 Robert Monro, Chief Executive Officer and Director of the Company, exercised his right to subscribe for a total of 242,105 ordinary shares of no par value each in the Company ('Ordinary Shares') at a price of 7 pence (British pound sterling) per Ordinary Share expiring on 01 April 2027 raising a total of £16,947.35.
Admission and Total Voting Rights
Admission to trading on AIM of the 242,105 Ordinary Shares issued pursuant to the exercise of warrants will occur at or around 8:00 a.m. on 16 June 2026 ('Admission').
Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 765,296,805 Ordinary Shares. The above figure of 765,296,805 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 Financial Conduct Authority's Disclosure and Transparency Rules.
Revised shareholding following Admission
On Admission, the revised shareholding of the following director will be:
Current shareholding
New Ordinary Shares
Shareholding on Admission
Percentage of enlarged issued share capital
Robert Monro
Chief Executive Officer and Director
2,805,537
242,105
3,047,642
0.40%
**ENDS**
For further information, please visit http://www.coragold.com or contact:
Bert Monro
Craig Banfield
Cora Gold Limited
info@coragold.com
Derrick Lee
Pearl Kellie
Cavendish Capital Markets Limited
(Nomad & Broker)
+44 (0) 20 7220 0500
Matt Hasson
Franck Nganou
H&P Advisory Limited
(Broker)
+44 (0)20 7907 8500
Susie Geliher
Charlotte Page
St Brides Partners
(Financial PR)
cora@stbridespartners.co.uk
Notes
Cora is a West African gold developer with de-risked project areas within two known gold belts in Mali and Senegal. Led by a team with a proven track-record in making multi-million-ounce gold discoveries that have been developed into operating mines, Cora's primary focus is on developing the Sanankoro Gold Project in the Yanfolila Gold Belt in south Mali into an open pit oxide mine.
Cora has a Probable Reserve of 531 koz at 1.13 g/t Au (US$2,200/oz Au pit shell design). The 2025 Definitive Feasibility Study showed that the Project has strong economic fundamentals, including 98% IRR post tax, US$365 million NPV8 post tax and all-in sustaining costs of US$1,623/oz based on a gold price of US$3,500/oz.
In April 2026, the Company secured a binding US$120 million gold stream which, together with existing equity, fully funds the development of Sanankoro through to production. The agreement also provides flexibility, allowing up to 50% of the stream to be replaced with traditional senior debt within 240 days of approvals, enabling optimisation of the financing structure. With funding in place, the Company is advancing the finalisation of the permitting process with the Government of Mali to enable a swift transition into mine construction.
The Company continues to pursue additional value-enhancing opportunities across its broader portfolio, including the identification of large-scale gold mineralisation potential at the Madina Foulbé exploration permit, located within the Mako Gold Belt of the Kédougou-Kéniéba Inlier in eastern Senegal.
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