Cora Gold Ltd has now closed its fundraise for gross proceeds of $19.803 million for its Sanankoro gold project in southern Mali.
Since receiving $15,855,000 in February, the company has raised $3,928,169.26, before expenses, through the proposed issue of 80,660,559 new ordinary shares to certain existing shareholders and new investors.
On admission, Cora’s share capital will comprised of 370,217,718 ordinary shares.
The company has also granted share options to directors, management and consultants over 14,350,000 ordinary shares exercisable at 4 pence per ordinary share expiring on 13 March 2028.