Last checked at 30 Oct 2019 11:25
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining
30 October 2019
Cora Gold Limited
Director Dealing
Cora Gold Limited ('Cora Gold', 'Cora' or 'the Company'), the West African focused gold exploration company, announces that on 29 October 2019 Paul Quirk (a non-executive director of Cora Gold) purchased 142,858 ordinary shares of no par value in the Company ('Ordinary Shares') at a price of 7 pence per Ordinary Share. Following this purchase Paul Quirk, including an entity connected to him (as set out below), is now beneficially interested in 11,854,689 Ordinary Shares, equal to approximately 9.14 per cent. of the Company's issued share capital.
Key Ventures Holding Ltd, the sole shareholder of which is First Island Trust Company Limited as Trustee of The Sunnega Trust of which Paul Quirk (a non-executive director of Cora Gold) is a beneficiary, has an interest in 11,711,831 Ordinary Shares, equal to approximately 9.03 per cent. of the Company's issued share capital.
The Ordinary Shares that have been purchased and sold 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 person discharging managerial responsibilities / person closely associated | ||
a) | Name | Paul Quirk | |
2 | Reason for the notification | ||
a) | Position / status | Non-Executive Director | |
b) | Initial notification / Amendment | Initial | |
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
Identification code | Ordinary Shares of no par value
VGG2423W1077 | |
b) | Nature of the transaction | Purchase of Ordinary Shares | |
c) | Price(s) and volume(s) | Price(s) 0.07 GBP | Volume(s) 142,858 |
d) | Aggregated information - Aggregated volume - Price |
142,858 0.07 GBP | |
e) | Date of the transaction | 29 October 2019 | |
f) | Place of the transaction | LSE: AIM | |
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:
Jon Forster / Bert Monro | Cora Gold Limited | +44 (0) 20 3239 0010 |
Ewan Leggat / Charlie Bouverat | SP Angel (Nomad & Joint Broker) | +44 (0) 20 3470 0470 |
Andy Thacker / Zoe Alexander | Turner Pope Investments (Joint Broker) | +44 (0) 20 3657 0050 |
Isabel de Salis / Megan Dennison | St Brides Partners (Financial PR) | +44 (0) 20 7236 1177 |
Notes
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 (Southern 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.