Exercise of Warrants
Cora Gold Limited announced that its Chief Executive Officer and Director, Robert Monro, exercised warrants to subscribe for 242,105 ordinary shares at 7 pence each, raising £16,947.35. Following this exercise and the subsequent admission of these shares on June 16, 2026, the company's enlarged issued share capital will comprise 765,296,805 ordinary shares. Mr. Monro's shareholding will increase to 3,047,642 shares, representing 0.40% of the enlarged issued share capital.
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Cora Gold Limited, the West African focused gold company, announces that as a holder of warrants on 10 June 2026 Robert Monro, Chief Executive Officer and Director of the Company, exercised his right to subscribe for a total of 242,105 ordinary shares of no par value each in the Company ('Ordinary Shares') at a price of 7 pence (British pound sterling) per Ordinary Share expiring on 01 April 2027 raising a total of £16,947.35.
Admission and Total Voting Rights
Admission to trading on AIM of the 242,105 Ordinary Shares issued pursuant to the exercise of warrants will occur at or around 8:00 a.m. on 16 June 2026 ('Admission').
Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 765,296,805 Ordinary Shares. The above figure of 765,296,805 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 Financial Conduct Authority's Disclosure and Transparency Rules.
Revised shareholding following Admission
On Admission, the revised shareholding of the following director will be:
| Current shareholding | New Ordinary Shares | Shareholding on Admission | Percentage of enlarged issued share capital | |
|---|---|---|---|---|
| Robert Monro Chief Executive Officer and Director | 2,805,537 | 242,105 | 3,047,642 | 0.40% |
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 98% IRR post tax, US$365 million NPV8 post tax and all-in sustaining costs of US$1,623/oz based on a gold price of US$3,500/oz.
In April 2026, the Company secured a binding US$120 million gold stream which, together with existing equity, fully funds the development of Sanankoro through to production. The agreement also provides flexibility, allowing up to 50% of the stream to be replaced with traditional senior debt within 240 days of approvals, enabling optimisation of the financing structure. With funding in place, the Company is advancing the finalisation of the permitting process with the Government of Mali to enable a swift transition into mine construction.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.