Cora Gold Limited Director Dealing (0101R)
March 03 2021 - 4:32AM
UK Regulatory
TIDMCORA
RNS Number : 0101R
Cora Gold Limited
03 March 2021
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector:
Mining
03 March 2021
Cora Gold Limited ('Cora' or 'the Company')
Director Dealing
Cora Gold Limited, the West African focused gold company, is
pleased to announce that on 03 March 2021, Robert Monro, the
Company's Chief Executive Officer and a director, purchased 150,000
ordinary shares of no par value in the Company ('Ordinary Shares')
at a weighted average price of 8.0625 pence per Ordinary Share.
Following this dealing Robert Monro is now interested in 1,546,896
Ordinary Shares, equal to approximately 0.75 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
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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
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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 Depositary Interests
instrument, type of instrument: of no par value
Identification code:
ISIN: VGG2423W1077
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b) Nature of the transaction: Acquisition
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c) Price(s) and volume(s): Price(s) Volume(s)
8 p 125,000
8.375 p 25,000
----------
---------------------------------- --------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 8.0625
p 150,000
----------
---------------------------------- --------------------------------------
e) Date of the transaction: 03 March 2021
---------------------------------- --------------------------------------
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:
+44 (0) 20 3239
Bert Monro / Norm Bailie Cora Gold Limited 0010
Christopher Raggett / Charlie finnCap Ltd +44 (0) 20 7220
Beeson (Nomad & Joint Broker) 0500
Turner Pope Investments +44 (0) 20 3657
Andy Thacker / Zoe Alexander (Joint Broker) 0050
St Brides Partners +44 (0) 20 7236
Megan Dennison / Susie Geliher (Financial PR) 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(8) 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.
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END
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