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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Cora Gold Limited    CORA   VGG2423W1077

CORA GOLD LIMITED

(CORA)
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General Meeting: Change of Arrangements

04/09/2020 | 06:48am EST
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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 is https://bit.ly/2Rqt0md

Telephone: +44 (0) 20 3787 4260

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 at www.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 to secretary@coragold.comup until 12.00 p.m. on 17 April 2020.

* * ENDS * *

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

Bert Monro / Jon Forster

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

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 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 rns@lseg.com or visit www.rns.com.
END
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General Meeting: Change of Arrangements - RNS

Disclaimer

Cora Gold Ltd. published this content on 09 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 April 2020 10:47:19 UTC


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Financials (USD)
Sales 2020 - - -
Net income 2020 -1,10 M - -
Net Debt 2020 3,90 M - -
P/E ratio 2020 -23,5x
Yield 2020 -
Capitalization 25,3 M 25,3 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees 31
Free-Float 34,1%
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Mean consensus -
Number of Analysts 1
Average target price 19,00 GBX
Last Close Price 9,00 GBX
Spread / Highest target 111%
Spread / Average Target 111%
Spread / Lowest Target 111%
EPS Revisions
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NameTitle
Robert John Ewart Monro Chief Executive Officer & Director
Edward Colin Bowie Chairman
Craig M. J. Banfield Chief Financial Officer & Secretary
Paul Andrew Quirk Non-Executive Director
David Almgren Pelham Non-Executive Director
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