COBR Cobra Resources Plc

TIDMCOBR

RNS Number : 2265G

Cobra Resources PLC

23 November 2020

23 November 2020

Cobra Resources plc

("Cobra" or the "Company")

Warrant Exercises

Cobra, the mining exploration company focused on the Wudinna Gold Project in South Australia, announces that it has received notice of exercise of 5,000,000 warrants to acquire 5,000,000 shares at a price of 2p per share (the "New Shares").

An application had been made to the FCA and The London Stock Exchange for up to 5,000,000 New Shares of 1p each to trade on the London Stock Exchange and to be admitted to the Official List in respect of the exercise of up to 5,000,000 warrants with an exercise price of 2p.

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.

Admission of the 5,000,000 Ordinary Shares is expected to take place at 8.00 am on 25 November 2020.

Total Voting Rights

In conformity with DTR 5.6.1, the Company notifies that, as at the date of this announcement, it has a single class of shares in issue being ordinary shares and that, following the issue of the 5,000,000 New Shares described above, the total number of ordinary shares in issue will be 281,125,617. This figure supersedes the Total Voting Rights figure stated in the 12 November 2020 announcement which contained an error. There are no Ordinary Shares held in treasury. Each Ordinary Share entitles the holder to a single vote at general meetings of the Company.

The figure of 281,125,617 ordinary shares may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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Enquiries:

 
Cobra Resources plc 
 Craig Moulton                                +61 (0) 8 9316 4938 
 Dan Maling                                   +44 (0)7580 032 520 
SI Capital Limited (Joint Broker) 
 Nick Emerson 
 Sam Lomanto                                  +44 (0)1483 413 500 
Peterhouse Capital Limited (Joint Broker) 
 Duncan Vasey 
 Lucy Williams                                +44 (0)20 7469 0932 
Vigo Communications (IR/PR) 
 Ben Simons 
 Simon Woods                                  +44 (0)20 7390 0230 
 

About Cobra

Cobra's Wudinna Gold Project is located in the Gawler Craton which is home to some of the largest IOCG discoveries in Australia including Olympic Dam, as well as Prominent Hill and Carrapateena. Cobra's Wudinna tenements contain extensive orogenic gold mineralisation and are characterised by potentially open-pitable, high-grade gold intersections, with ready access to nearby infrastructure. In total Cobra has over 22 orogenic gold prospects, with grades of between 16g/t up to 37.4g/t outside of the current 211,000 ounce JORC resource, as well as 1 copper-gold prospect, and 4 IOCG targets.

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(END) Dow Jones Newswires

November 23, 2020 11:35 ET (16:35 GMT)

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