Business
Completion of Fundraise, Board Change & New Broker
Cora Gold Limited has successfully completed a fundraise, securing gross proceeds of £15,707,141.34 through the issuance of 261,785,689 new ordinary shares at 6 pence per share. This capital will primarily fund the advancement of the Sanankoro Gold Project in Mali towards production, alongside further exploration and general working capital. The company also announced board changes, with Aryann Gupta appointed as Non-Executive Director and Adam Davidson becoming Chair of the Board. Additionally, H&P Advisory Limited has been appointed as Joint Broker. Admission of the new shares to AIM is expected on 31 March 2026, at which point the enlarged issued share capital will be 764,054,700 ordinary shares. Disclaimer*
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n\nCora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n27 March 2026\nCora Gold Limited ('Cora' or 'the Company')\nCompletion of Fundraise, Board Changes and Appointment of Joint Broker\n\nCora Gold Limited, the West African focused gold company, is pleased to announce that following the satisfaction of certain conditions, including the passing of the necessary resolutions at the Extraordinary General Meeting of the Company held on 24 March 2026, the Company can now proceed to close the Fundraise announced on 9 February 2026.\n \nThe Fundraise will raise gross proceeds of £15,707,141.34 for the Company, through the issue of 261,785,689 new ordinary shares of no par value in the Company ('New Ordinary Shares') at a price of 6 pence per ordinary share (the 'Issue Price'), comprising:\n● a Subscription to raise £13,707,141.36 through the issue of 228,452,356 New Ordinary Shares at the Issue Price; and\n● a Retail Offering to raise £1,999,999.98 from existing shareholders of the Company through the issue of 33,333,333 New Ordinary Shares at the Issue Price.\n \nWith effect from the closing of the Fundraise:\n● Aryann Gupta will be appointed Non-Executive Director of the Company and a member of the audit committee of the Board of Directors of the Company (the 'Board' or the 'Board of Directors');\n● Adam Davidson (Non-Executive Director of the Company) will be appointed Chair of the Board of Directors, replacing Edward Bowie who remains Non-Executive Director of the Company; and\n● H&P Advisory Limited will be appointed as Joint Broker to the Company.\n \nDetails of the Subscription\n\nThe Subscription comprises a strategic investment by Eagle Eye Asset Holdings Pte. Ltd. ('Eagle Eye'). Following Admission, Eagle Eye will hold 29.90% of the enlarged issued share capital of the Company and Eagle Eye's representative Aryann Gupta will be appointed to the Board of the Company as a Non-Executive Director, and to the audit committee of the Board.\n \nEagle Eye is a Monetary Authority of Singapore registered single-family office, managing the investment portfolios of the founding and promoter family, of which Aryann Gupta (Non-Executive Director of the Company) is a family member.\n&n...