Business
Update on Capital Structure
Cora Gold Limited has successfully closed a fundraise, securing GBP£1.048 million in gross proceeds, which brings its total cash and cash equivalents to over US$1.650 million. This capital injection, supported by existing shareholders, is intended to advance the permitting process for the Sanankoro Gold Project in Mali, positioning the company for the construction phase. The company's issued and outstanding capital now includes 502,269,011 ordinary shares, along with various warrants and share options with different exercise prices and expiry dates. Disclaimer*
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n\nCora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n23 December 2025\nCora Gold Limited ('Cora' or 'the Company')\nUpdate on Capital Structure\n \nCora Gold Limited, the West African focused gold company, is pleased to provide an update on its capital structure.\n \nOn 22 December 2025 the Company closed its fundraise for total gross proceeds of GBP£1.048 million (the 'Fundraise'; see announcement dated 17 December 2025). After the close of the Fundraise the Company's balance of cash and cash equivalents is in excess of US$1.650 million.\n \nBert Monro, Chief Executive Officer of Cora, commented, \"I am pleased 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 \nCapital Structure\n \nImmediately post closing of the Fundraise the Company's issued and outstanding capital structure comprised:\n● 502,269,011 ordinary shares;\n● warrants to subscribe for 32,624,205 ordinary shares in the capital of the Company at a price of 7 pence (British pound sterling) per ordinary share expiring on 01 April 2027;\n● share options over 5,050,000 ordinary shares in the capital of the Company exercisable at 10.5 pence (British pound sterling) per ordinary share expiring on 08 December 2026;\n● share options over 13,350,000 ordinary shares in the capital of the Company exercisable at 4 pence (British pound sterling) per ordinary share expiring on 13 March 2028; and\n● share options over 19,150,000 ordinary shares in the capital of the Company exercisable at 6.25 pence (British pound sterling) per ordinary share expiring on 01 April 2030.\n \n**ENDS**\n \nFor further information, please visit http://www.coragold.com or contact:\n\n\n\n\nBert Monro\nCraig Banfield\n\n\nCora Gold Limited\n\n\[email protected]\n\n\n\n\nD...