REG - Cora Gold Limited - Results of General Meeting

Cora GoldAnnouncement

28/02/2023 13:30

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RNS Number : 3715R  Cora Gold Limited  28 February 2023

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

 

28 February 2023

 

Cora Gold Limited

('Cora' or 'the Company')

Results of General Meeting

 

Cora Gold Limited, the West African focused gold company, announces that at
its General Meeting held earlier today, Tuesday 28 February 2023, all
resolutions were duly passed by the Company's shareholders.

 

The votes cast at the General Meeting, including those in respect of
shareholders who appointed the Chair of the Meeting as their proxy, were as
follows:

 

                                                Votes for             Votes against     Votes withheld
                                                Number       %        Number   %        Number
 Ordinary Resolution 1:

 Allot ordinary shares                          42,189,890   99.94%   24,967   0.06%    18,529
 Special Resolution 1:

 Issue ordinary shares                          42,189,890   99.94%   24,967   0.06%    18,529
 Special Resolution 2: Issue equity securities

                                                42,189,890   99.94%   24,967   0.06%    18,529

 

As a result of the passing of the resolutions detailed above, the purchases 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:                                                          1.    Robert Monro

                                                                         2.    Edward Bowie
  2.      Reason for the notification
  a)      Position/status:                                               1.    Chief Executive Officer and Director

                                                                         2.    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 instrument, type of instrument:    Depositary Interests of no par value

          Identification code:

                                                                          ISIN: VGG2423W1077
  b)      Nature of the transaction:                                     Purchase
  c)      Price(s) and volume(s):

Director/PDMR   Price(s)    Volume(s)
                                                                         Robert Monro   US$0.0487   206,000
                                                                         Edward Bowie   US$0.0487   100,000

 
  d)      Aggregated information:                                         Single transactions as in 4 c) above

          Aggregated volume:

          Price:
  e)      Date of the transaction:                                        28 February 2023
  f)      Place of the transaction:                                      London Stock Exchange

 

 d)

 Aggregated information:

 Aggregated volume:

 Price:

 Single transactions as in 4 c) above

 

 e)

 Date of the transaction:

 28 February 2023

 f)

 Place of the transaction:

London Stock Exchange

 

Market Abuse Regulation ('MAR') Disclosure

 

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) No 596/2014 ('MAR'), which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, until the release of this announcement.

 

* * ENDS * *

 

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

 

 Bert Monro           Cora Gold Limited            info@coragold.com (mailto:info@coragold.com)

 Craig Banfield
 Christopher Raggett  finnCap Ltd                  +44 (0)20 7220 0500

 Charlie Beeson       (Nomad & Joint Broker)
 Andy Thacker         Turner Pope Investments      +44 (0)20 3657 0050

 James Pope           (Joint Broker)
 Susie Geliher        St Brides Partners           pr@coragold.com (mailto:pr@coragold.com)

 Charlotte Page       (Financial PR)

 Isabelle Morris

 

Notes

 

Cora is a West African gold developer with three principal de-risked project
areas within two known gold belts in Mali and Senegal covering c.900 sq km.
Led by a team with a proven track record in making multi-million ounce gold
discoveries that have been developed into operating mines, its primary focus
is on developing the Sanankoro Gold Project in the Yanfolila Gold Belt,
southern Mali, into an open pit oxide mine. Based on a gold price of
US$1,750/oz and a Maiden Probable Reserve of 422 koz at 1.3 g/t Au, the
project has strong economic fundamentals, including 52% IRR, US$234 million
Free Cash Flow over life of mine and all-in sustaining costs of US$997/oz.

 

 

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