Result of General Meeting
Cora Gold Limited announced that all resolutions were passed at its Extraordinary General Meeting, with ordinary resolution 1 to allot shares receiving 242,368,024 votes for and 49,703 against, and special resolution 2 to disapply pre-emption rights for equity securities receiving 242,265,524 votes for and 152,203 against. This strong shareholder support for both resolutions, particularly the allotment of shares and the disapplication of pre-emption rights, indicates positive backing for the company's upcoming corporate actions and potential future share issuances.
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Cora Gold Limited, the West African focused gold company, announces that at its Extraordinary General Meeting held earlier today, all Resolutions proposed were duly passed.
The votes cast at the Extraordinary General Meeting, including those in respect of shareholders who appointed the Chair of the meeting as their proxy, were as follows:
| Votes for | Votes against | Votes withheld | |||
|---|---|---|---|---|---|
| Number | % | Number | % | Number | |
| Ordinary resolution 1 - Allot shares | 242,368,024 | 99.98% | 49,703 | 0.02% | 33,875 |
| Special resolution 2 - Disapplication of pre-emption: equity securities | 242,265,524 | 99.94% | 152,203 | 0.06% | 33,875 |
Cora has a Probable Reserve of 531 koz at 1.13 g/t Au (US$2,200/oz Au pit shell design). The 2025 Definitive Feasibility Study showed that the Project has strong economic fundamentals, including 65% IRR post tax, US$221 million NPV8 post tax, US$479 million Free Cash Flow over life of mine and all-in sustaining costs of US$1,478/oz based on a gold price of US$2,750/oz. The Company is working to finalise the permitting process and conclude project financing so that mine construction can commence. Alongside this, the Company continues to seek value opportunities across its portfolio and has identified large scale gold mineralisation potential at the Madina Foulbé exploration permit within the Mako Gold Belt of the Kédougou-Kéniéba Inlier in east Senegal.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.