Business
Fundraise
Cora Gold Limited has successfully raised GBP£1,047,999.66 through a subscription of 17,466,661 new ordinary shares at 6 pence per share, representing a 4% discount to the previous day's closing price. These funds will primarily support the permitting process and progression towards the construction phase of the Sanankoro Gold Project in southern Mali, as well as ongoing exploration and general working capital. Existing significant shareholders, including Brookstone Business Inc, Lord Farmer, The Marlborough Trust, and Maggianda Foundation, participated in the fundraise, with directors also subscribing for new shares. Following admission, the company's total issued share capital will be 502,269,011 ordinary shares. Disclaimer*
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n\nCora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n17 December 2025\nCora Gold Limited ('Cora' or 'the Company')\nFundraise\n\nCora Gold Limited, the West African focused gold company, is pleased to announce that it has conditionally raised GBP£1,047,999.66 before expenses through a Subscription (as defined below) (the 'Fundraise') of 17,466,661 new ordinary shares of no par value in the Company ('Ordinary Shares') at a price of 6 pence (British pound sterling) per Ordinary Share (the 'New Ordinary Shares'), representing a discount of 4% to the closing market price of the Ordinary Shares on 16 December 2025.\n \nBert Monro, Chief Executive Officer of Cora, commented, \"I am very encouraged by the strong support shown by our existing significant shareholders in the Fundraise, which reflects continued confidence in developing the Company's flagship Sanankoro Gold Project in south Mali. The Fundraise is intended to support the Company through the permitting process for Sanankoro, positioning us to move into the construction phase and deliver the Project set out in the very positive definitive feasibility study published in Q3 2025.\n \n\"During Q4 2025, I met with the Minister of Mines in Bamako and received positive assurances regarding the progression of the Sanankoro permits. The Company is working hard to advance Sanankoro as efficiently as possible towards the commencement of construction with the permitting process being our primary focus at this time.\"\n \nDetails of the Fundraise \n\nThe Fundraise is being conducted out of the authorities to issue and allot Ordinary Shares in the capital of the Company granted to the directors by shareholders at the Company's Annual General Meeting held on 25 June 2025. Accordingly, the issue of the New Ordinary Shares is not subject to the approval of shareholders.\n \nThe Fundraise is conditional on admission of the New Ordinary Shares to trading on AIM ('Admission').\n \nUse of proceeds\n \nThe net proceeds of the Fundraise will principally be used to progress the development of the Sanankoro Gold Project in southern Mali, as well as continued exploration of the Company's permits and for general working capital purposes.\n \nBinding commitments\n \...