Cora Gold Ltd has granted options over a total of 28.15 million ordinary shares, equivalent to 3.68% of its issued share capital, to certain directors, management and consultants.
DIRECTORS
The options, issued on 31 March 2026, are exercisable at a 3.6% premium of eight pence per ordinary share and expire on 31 March 2031.
Non-executive director and chairman Adam Davidson received 1.2m options; NEDs Edward Bowie, Andrew Chubb, Aryann Gupta and Paul Quirk each received one million; chief executive officer and director Robert Monro, 10.25m; and chief financial officer and company secretary Craig Banfield, 3.5m.
The company said that following the grant of the options, the number of share options issued totals 65.7m, equal to 8.6% of its current ordinary issued share capital.
Cora also has 764,054,700 ordinary shares in issue; warrants over 32,624,205 shares; 5.05m share options exercisable at 10.5p; 13.35m shares options exercisable at four pence; 19.15m share options exercisable at 6.25 pence; as well as the 28.15m options exercisable at 8p.
The company added that the issue of the 1 April share options followed the company’s £15.7m fundraise at the end of March, which takes its cash and cash equivalents to more than US$20.5m (£15m).
Cora’s principal project is development of Sanankoro, located in the Yanfolila Gold Belt in southern Mali, into an open pit oxide mine.
The company is also progressing the Madina Foulbé exploration permit within the Mako Gold Belt of the Kédougou-Kéniéba Inlier in east Senegal.