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Cora Gold Limited shareholders passed all resolutions at a General Meeting held on February 28, 2023, with 99.94% of votes cast in favour for each resolution. On the same date, CEO Robert Monro purchased 206,000 Depositary Interests and Non-Executive Director Edward Bowie purchased 100,000 Depositary Interests in Cora Gold Limited, both at a price of US$0.0487 each on the London Stock Exchange.
| Date | 28 Feb 2023 |
| Time | 13:30:01 |
| Category | AGMs and other meetings |
| ID | 3715R |
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 |
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|
2. |
Reason for the notification |
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|
a) |
Position/status: |
1. Chief Executive Officer and Director 2. Non-Executive Director
|
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|
b) |
Initial notification/Amendment: |
Initial notification |
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|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name: |
Cora Gold Limited |
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|
b) |
LEI: |
213800TW2N9JJYCUDD71 |
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|
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: Identification code: |
Depositary Interests of no par value
ISIN: VGG2423W1077 |
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|
b) |
Nature of the transaction: |
Purchase |
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|
c) |
Price(s) and volume(s): |
|
|||||||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transactions as in 4 c) above
|
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|
e) |
Date of the transaction: |
28 February 2023 |
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|
f) |
Place of the transaction: |
London Stock Exchange |
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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 or contact:
|
Bert Monro Craig Banfield |
Cora Gold Limited |
|
|
Christopher Raggett Charlie Beeson |
finnCap Ltd (Nomad & Joint Broker) |
+44 (0)20 7220 0500 |
|
Andy Thacker James Pope |
Turner Pope Investments (Joint Broker) |
+44 (0)20 3657 0050 |
|
Susie Geliher Charlotte Page Isabelle Morris |
St Brides Partners (Financial PR) |
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.