Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining
1 July 2019
Cora Gold Limited ("Cora", "Cora Gold" or "the Company")
Cora Gold Limited, the West African focused gold exploration company, is pleased to announce the appointment of Ed Bowie as an independent Non-Executive Director to the board of the Company.
Mr Bowie has over 23 years' experience within the wider natural resources industry. Starting his career with SAMAX Gold in Tanzania, he was an exploration geologist on the drill programme that made the Kukuluma-Matandani discovery, part of the Geita Gold Mine operated by AngloGold Ashanti. Subsequently he has worked in equity research and corporate finance roles prior to serving as fund manager for Altus Capital Limited's two mining funds. More recently he served as Head of Business Development at London-listed Amara Mining plc managing the process that led to the company's acquisition. Mr Bowie holds a Master's degree in Mineral Deposit Evaluation from the Royal School of Mines, Imperial College London and a Bachelor's degree in Earth Sciences from the University of Oxford.
The Company also announces that Robert ('Bert') Monro is to step down from his position as Non-Executive Director to fill the newly created position of 'Business Development' for Cora Gold. Mr Monro will work closely with the Board of Directors to progress Cora's strategy of gold exploration in Mali, alongside the advancement of the Sanankoro Gold Project. Mr Monro will perform this role alongside his responsibilities at Hummingbird Resources Plc ('Hummingbird'), a substantial shareholder in the Company. Mr Monro has worked for Hummingbird for over a decade and is currently Head of Business Development. Hummingbird has over 6Moz of gold resources in West Africa and an operational gold mine in Mali.
Jon Forster, CEO of Cora Gold, commented, "I am pleased to welcome Ed Bowie to the Board of Directors. Entrenched in both the mining sector and London's corporate finance sphere, I am sure that Ed's experience and wide network of contacts will be of benefit to the Company as it advances its strategy of becoming a successful gold explorer in West Africa.
"I would like to thank Bert for his valuable contribution to the Board of the Directors since the Company's IPO in October 2017. I look forward to working closely with him in his new role of Business Development where I am sure that he will do excellent work in raising the profile of the Company and working alongside me as we look to advance both Sanankoro and wider exploration on the ground."
The information required by Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies in relation to the appointment of Edward Colin Bowie (aged 46) is as follows:
Past directorships held within last five years
Amphi Capital Limited Impact Capital Ltd
Aegis Asset Management Limited (formerly Altus Capital Limited)
Aegis Holdings Limited (formerly Altus Asset Management Limited)
Altus Exploration Management Limited (formerly Altus Strategies Limited)
Mr Bowie currently holds 8,127 depositary interests of no par value representing 0.008 per cent of the issued share capital of the Company.
There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.
Market Abuse Regulation ("MAR") Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information, please visit http://www.coragold.com or contact:
Jon Forster / Bert Monro
+44 (0) 20 3239 0010
Ewan Leggat / Charlie Bouverat
SP Angel (Nomad & Broker)
+44 (0) 20 3470 0470
Gaby Jenner/Melissa Hancock
St Brides Partners (Financial PR)
+44 (0) 20 7236 1177
Notes to the Editors
Cora Gold is a gold exploration company focused on two world class gold regions in Mali and Senegal in West Africa. Historical exploration has resulted in the highly prospective Sanankoro Gold Discovery, in addition to multiple, high potential, drill-ready gold targets within its broader portfolio. Cora Gold's primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (South Mali), which Cora Gold believes has the potential for a standalone mine development. Cora Gold's highly experienced and successful management team has a proven track record in making multi-million-ounce gold discoveries which have been developed into operating mines.
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