Cora Gold Raises £15.7m, Reshapes Board as Eagle Eye Takes 29.9% Stake

Cora Gold ( (GB:CORA) ) has provided an update.

Cora Gold has completed a £15.7m equity fundraise via a subscription and retail offering at 6 pence per share, bringing in Singapore-based single-family office Eagle Eye Asset Holdings as a new strategic investor with a 29.9% stake. The proceeds will be used primarily to advance the Sanankoro Gold Project toward production, support further exploration and fund working capital, strengthening Cora’s balance sheet and positioning it for the next phase of project development in Mali.

The fundraising triggers a reshaping of Cora’s governance and capital structure, including the appointment of Eagle Eye representative Aryann Gupta as a non-executive director, Adam Davidson’s promotion to chair, and new relationship agreements governing the influence of major shareholders. Cora has also appointed H&P Advisory as joint broker alongside Cavendish, moves that collectively deepen institutional backing, diversify its shareholder base and enhance its market and board oversight as it transitions toward production.

More about Cora Gold

Cora Gold Limited is a West African-focused gold miner listed on AIM, developing the Sanankoro Gold Project in southern Mali and exploring a portfolio of regional permits. The company targets gold exploration and development in Mali and surrounding jurisdictions, aiming to progress its flagship project toward production while expanding its resource base across its licence holdings.

Average Trading Volume: 487,686

Technical Sentiment Signal: Buy

Current Market Cap: £37.67M

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