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IN BRIEF: Cora Gold agrees new financing for Sanankoro project

8th Sep 2021 16:56

Cora Gold Ltd - West African focused gold company - Signa a new USD25 million mandate & term sheet with investment firm Lionhead Capital Advisors Pty Ltd to fund the future development of its Sanankoro gold project in southern Mali. This is conditional on, among other matters, the completion of a definitive feasibility study on the project before the end of June 2022. This new term sheet replaces the previous one with Lionhead, which was for USD21 million.

Current stock price: 17.90 pence

Year-to-date change: more than doubled from 8.50p on December 31

By Evelina Grecenko; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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