General Meeting: Change of Arrangements

Regulatory Story
Go to market news section
Cora Gold Limited - CORA General Meeting: Change of Arrangements Released 11:46 09-Apr-2020

RNS Number : 3857J

Cora Gold Limited

09 April 2020

Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining

09 April 2020

Cora Gold Limited ('Cora' or 'the Company')

General Meeting: Change of Arrangements

Cora Gold Limited, the West African focused gold company, announces a change of arrangements in respect of a General Meeting of shareholders of the Company (the 'General Meeting') to be held at 12.00 p.m. on 21 April 2020.

On 18 March 2020 the Company announced that:

● it has conditionally raised £2.89 million (before expenses) through a subscription of 60,838,603 new ordinary shares of no-par value in the Company ('Ordinary Shares') at a price of 4.75 pence per share (the 'Subscription Shares') (the 'Fundraising'); and

● the Fundraising is conditional on the passing of the necessary resolutions at a General Meeting and admission of the Subscription Shares to trading on AIM ('Admission').

On 19 March 2020 the Company gave Notice of a General Meeting to be held at 12.00 p.m. on 21 April 2020 at the offices of SP Angel Corporate Finance LLP, Prince Frederick House, 35-39 Maddox Street, London, W1S 2PP, United Kingdom.

Due to the ongoing COVID-19 outbreak and current public health advice, the Company's board of directors (the 'Board') has decided the General Meeting will no longer be hosted at the offices of SP Angel Corporate Finance LLP. Instead the General Meeting will take place online at the same time and date. The revised arrangements for the General Meeting are as follows. You can join the General Meeting by way of using the hyperlink below which will join you to Microsoft Teams Meeting. You will need to utilise a computer that is connected to the internet and it will need speakers and a microphone capability, if you wish to be able to speak at the General Meeting. To join the meeting via computer insert the hyperlink below into your web browser.

If you would prefer to call into the General Meeting you can use the telephone number and PIN set out below.

Date: 21 April 2020

Time: 12.00 p.m.

Website: The hyperlink ishttps://bit.ly/2Rqt0md

Telephone: [phone]

PIN: 391 900 93#

The Board believes that this change of arrangements is in the best interest of the Company's shareholders.

The Board strongly advises shareholders to submit their votes by proxy prior to the General Meeting. Copies of proxy forms can be downloaded via the Company's website atwww.coragold.com/category/company-reports. Shareholders who have submitted a proxy may still attend the General Meeting. However, submitting a proxy means shareholders know that their vote will be counted.

Subject to the passing of resolutions at the General Meeting, the Subscription Shares will be admitted to trading on AIM and it is expected that Admission will become effective and dealing in the Subscription Shares will commence on or around 22 April 2020. The Subscription Shares will rank pari passuwith the existing Ordinary Shares.

Following Admission, the share capital of the Company will be comprised of 190,515,170 Ordinary Shares. The above figure of 190,515,170 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in Cora under the FCA's Disclosure and Transparency Rules.

The Company always welcomes questions from its shareholders at its general meetings. On this occasion the Board would rather shareholders submit their questions beforehand in order that the Board may ensure questions are answered either at the General Meeting or afterwards. Questions may be submitted by email [e-mail] until 12.00 p.m. on 17 April 2020.

* * ENDS * *

For further information, please visithttp://www.coragold.comor contact:

Bert Monro / Jon Forster	Cora Gold Limited	[phone]
Ewan Leggat / Charlie Bouverat	SP Angel (Nomad & Joint Broker)	[phone]
Andy Thacker / Zoe Alexander	Turner Pope Investments (Joint Broker)	[phone]
Megan Dennison / Susie Geliher	St Brides Partners (Financial PR)	[phone]

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 84% IRR and US$30.9m NPV at a US$1,400 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

GMSBGGDSDSGDGGC

Close

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2014London Stock Exchange plc. All rights reserved

General Meeting: Change of Arrangements - RNS