Extractive Industries

Cora Gold raises £3.1m via subscriptions

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 shareholdingSubscription SharesShareholding on AdmissionPercentage of enlarged issued share capital
Brookstone Business Inc53,060,02518,200,00071,260,02528.99%
Lord Farmer29,410,5365,780,00035,190,53614.32%
Key Ventures Holding Ltd plus Paul Quirk
(non-executive director)
11,854,6891,820,00013,674,6895.56%
Edward Bowie (NED)361,51064,000425,5100.17%
Andrew Chubb (NED)210,526129,000339,5260.14%
Robert Monro (director)1,546,896182,0001,728,8960.70%


Exit mobile version