Cora Gold (AIM:CORA) completed a Subscription of £13,707,141.36 and a Retail Offering of £1,999,999.98, issuing a total of 261,785,689 New Ordinary Shares at the Issue Price, the announcement said. Following Admission the enlarged share capital will be 764,054,700 ordinary shares.
The Subscription is a strategic investment by Eagle Eye Asset Holdings Pte. Ltd., which will hold 228,452,356 shares representing 29.90% of the enlarged capital. Eagle Eye’s appointed representative, 21‑year‑old Aryann Gupta, will join the board as a Non‑Executive Director and become a member of the audit committee. The announcement discloses Mr Gupta’s past five years of directorships as Arise Integrated Industrial Platforms Limited, Digiminega Limited and FG Gold Limited, and states Eagle Eye is established as a trust of which Mr Gupta is a beneficiary.
With effect from the date of Admission Adam Davidson will be appointed Chair of the Board, replacing Edward Bowie, who will remain on the board as a Non‑Executive Director. Board committee memberships have been reset: Adam Davidson will chair the audit committee alongside Edward Bowie and Aryann Gupta; Davidson will also chair the remuneration & nominations committee. Edward Bowie will chair the AIM compliance & corporate governance committee.
The group said the existing Investors (Brookstone and related parties), whose aggregated holding was 34.00% before Admission, will see that stake fall to 22.35% and will enter a replacement Investors’ Relationship Agreement to govern their position on an arm’s‑length basis. Eagle Eye will also enter a relationship agreement with Cora; both agreements terminate if the relevant shareholding falls below 10%, the announcement added.
H&P Advisory Limited will join Cavendish Capital Markets as joint broker to Cora with effect from 31 March 2026; Cavendish will continue as nominated adviser and broker, the company said.
"Cora is a West African gold developer with de-risked project areas within two known gold belts in Mali and Senegal." the company said.
