Last checked at 7 Sep 2020 13:31
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining
07 September 2020
Cora Gold Limited ('Cora' or 'the Company')
Director Dealing
Cora Gold Limited, the West African focused gold company, announces that it was informed today that on 07 September 2020 Robert Monro, the Company's Chief Executive Officer and a director, purchased 54,000 ordinary shares of no par value in the Company ('Ordinary Shares') at a price of 9.1824 pence per Ordinary Share. Following this dealing Robert Monro is now interested in 1,254,039 Ordinary Shares, equal to approximately 0.65 per cent. of the Company's issued share capital.
The Ordinary Shares that have been purchased 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: | Robert Monro | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Chief Executive Officer and a 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: Identification code: | Depositary Interests of no par value
ISIN: VGG2423W1077 | ||||
b) | Nature of the transaction: | Acquisition | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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e) | Date of the transaction: | 07 September 2020 | ||||
f) | Place of the transaction: | AIM (LSE) | ||||
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:
Bert Monro | Cora Gold Limited | +44 (0) 20 3239 0010 |
Christopher Raggett / Charlie Beeson | finnCap Ltd (Nomad & Joint Broker) | +44 (0) 20 7220 0500 |
Andy Thacker | Turner Pope Investments (Joint Broker) | +44 (0) 20 3657 0050 |
Megan Dennison / Susie Geliher | St Brides Partners (Financial PR) | +44 (0) 20 7236 1177 |
Notes
Cora is a gold 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's primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (Southern Mali), which Cora believes has the potential for a standalone mine development. Sanankoro has a positive Scoping Study published on it showing an 107% IRR and US$41.5m NPV at a US$1,500 gold price. Cora's highly experienced management team has a proven track record in making multi-million-ounce gold discoveries, which have been developed into operating mines.