Hum rns16 Apr 2020 09:03
A mention on cora in hummingbirds rns this morning:
On 18 March 2020, Cora Gold Limited ("Cora") conditionally raised £2.89 million through a subscription of 60,838,603 new ordinary shares at a price of 4.75 pence per share (the "Fundraising"). Although Hummingbird did not participate in the Fundraising, the Company continues to work closely with Cora in its metallurgical test work programme which is exploring the amenability of oxide ore at Cora's Sanankoro Gold Project to be concentrated for commercial trucking to Hummingbird's Yanfolila Gold Mine.
On successful completion of the Fundraising, which is subject to Cora shareholder approval, Hummingbird will remain a substantial shareholder with a 12.25% interest in Cora's ordinary shares.