TIDMCOBR

RNS Number : 9999M

Cobra Resources PLC

15 May 2020

15 May 2020

Cobra Resources plc

("Cobra" or the "Company")

Exercise of warrants - issue of equity

Cobra Resources plc (LSE: COBR), the owner of the Wudinna Gold Project on the Eyre Peninsula in the Central Gawler Gold Province, a 450-kilometre-long arcuate belt in South Australia , announces that it has received notice of exercise of 1,500,000 warrants to acquire 1,500,000 shares at a price of 2p per share (the "New Shares").

When issued, the New Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue of the New Shares.

Application will be made to the Financial Conduct Authority ("FCA") for admission of the Placing Shares to the standard listing segment of the Official List and to the London Stock Exchange (the "LSE") for admission to trading of the New Shares on the LSE's Main Market for listed securities (together "Admission"). It is expected that Admission will take place at 8.00 a.m. on 21 May 2020 and that dealings in the New Shares on the LSE's main market for listed securities will commence at the same time.

Total Voting Rights

Following Admission, the Company's total issued share capital consists of 187,087,499 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

Therefore, following Admission, the total number of voting rights in Cobra Resources plc is 187,087,499. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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Enquiries:

 
                             Craig Moulton       +61 (0) 8 9316 4938 
Cobra Resources plc           Dan Maling          +44 (0) 758 003 2520 
SI Capital Limited           Nick Emerson 
 (Joint Broker)               Sam Lomanto        +44 (0) 14 8341 3500 
                             ---------------  ------------------------ 
Peterhouse Capital Limited   Duncan Vasey 
 (Joint Broker)               Lucy Williams      +44 (0) 20 7469 0932 
                             ---------------  ------------------------ 
 

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May 15, 2020 02:00 ET (06:00 GMT)

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