Business
Directorate Change
Directorate Change.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \nRNS Number : 8322X Cora Gold Limited 02 January 2020 \n\nCora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n2 January 2020\nCora Gold Limited ('Cora' or 'the Company')\nAppointment of new CEO\n \nCora Gold Limited, the West African focused gold exploration company, is pleased to announce the appointment of Robert ('Bert') Monro as its Chief Executive Officer ('CEO') and a Board Director with immediate effect. As announced on 10 October 2019, Mr. Monro replaces Dr. Jonathan ('Jon') Forster, who has stepped down from his post as CEO and a Director of the Company to reduce his workload after a 40 year career in the minerals industry. Dr. Forster remains Head of Exploration at Cora and will continue to manage the Company's technical activities.\n \nMr. Monro has significant experience in both the resource sector and the City. Most notably, he spent over ten years at Hummingbird Resources plc (AIM: HUM) ('Hummingbird'), holding several roles including Operations Manager, Country Manager and Head of Business Development as the company transitioned from a private pre-resource explorer through to a listed gold miner with over 6Mozs of gold resources in West Africa. During this time, Hummingbird raised over US$100m of equity from institutional investors as well as over US$100m of debt and royalties to advance the Dugbe gold project in Liberia and build the now producing Yanfolila gold mine in Mali. Hummingbird remains the largest shareholder of Cora, currently with a shareholding of 18.0%. \n \nMr. Monro has been closely involved with Cora since 2017 when the Company successfully completed its IPO, first as one of two nominees of Hummingbird appointed to the Board (resigned 01 July 2019), and later as Business Development Manager, working with the Board to progress its strategy of gold exploration in Mali alongside the advancement of the Sanankoro Gold Project. \n \nEd Bowie, None-Executive Chairman, said, \"On behalf of the Board and shareholders, I would like to thank Jon for his commitment and hard work during his tenure as CEO. With the recently announced Sanankoro Mineral Resource Estimate and the Scoping Study, which is nearing finalisation, Jon has laid the foundations for what appears to be yet another successful economic gold discovery in his exemplary car...