Cora Gold Ltd said it had conditionally raised £3,132,937.50 million (before expenses) through a subscription of 40,425,000 new ordinary shares of no par value in the company at 7.75 pence per ordinary share.
Excess demand from subscribers to the fundraising means that Cora allotted the maximum number of shares.
Binding commitments to subscribe for a total of 40,425,000 subscription shares have been received from directors and substantial shareholders.
Following the receipt of all subscription funds the company will have total cash of approximately £4.6 million.
| Current shareholding | Subscription Shares | Shareholding on Admission | Percentage of enlarged issued share capital | |
| Brookstone Business Inc | 53,060,025 | 18,200,000 | 71,260,025 | 28.99% |
| Lord Farmer | 29,410,536 | 5,780,000 | 35,190,536 | 14.32% |
| Key Ventures Holding Ltd plus Paul Quirk (non-executive director) | 11,854,689 | 1,820,000 | 13,674,689 | 5.56% |
| Edward Bowie (NED) | 361,510 | 64,000 | 425,510 | 0.17% |
| Andrew Chubb (NED) | 210,526 | 129,000 | 339,526 | 0.14% |
| Robert Monro (director) | 1,546,896 | 182,000 | 1,728,896 | 0.70% |