Cobra Resources PLC Exercise of Warrants (1142N)
28 Januar 2021 - 8:00AM
UK Regulatory
TIDMCOBR
RNS Number : 1142N
Cobra Resources PLC
28 January 2021
28 January 2021
Cobra Resources plc
("Cobra" or the "Company")
Exercise of Warrants
Cobra, the mining exploration company focused on the Wudinna
Gold Project in South Australia, announces that it has received
notice of exercise of 934,800 warrants to acquire 934,800 new
ordinary shares at a price of 3p per share and notice of exercise
of 1,000,000 warrants to acquire 1,000,000 new ordinary shares at a
price of 2p per share (the "New Shares").
Applications have been made to the Financial Conduct Authority
(the "FCA") and London Stock Exchange plc (the "London Stock
Exchange") for admission of 1,934,800 New Shares of nominal value
1p each to listing on the standard segment of the Official List and
to trading on the main market for listed securities of the London
Stock Exchange in respect of the exercise of 1,934,800 warrants
("Admission").
When issued, the New Shares will be credited as fully paid and
will rank pari passu in all respects with the existing issued
ordinary shares of nominal value 1p each 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
ordinary shares after the date of issue of the New Shares.
Admission of the 1,934,800 New Shares is expected to take place
at 8:00 a.m. on 29 January 2021.
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
1,934,800 New Shares described above, the total number of ordinary
shares in issue will be 323,413,446 . 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 323,413,446 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 FCA's Disclosure
Guidance and Transparency Rules.
End
Enquiries:
Cobra Resources plc
Craig Moulton (Australia)
Dan Maling (UK) +44 (0)20 7390 0234
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 (Financial Public Relations)
Ben Simons
Simon Woods +44 (0)20 7390 0234
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
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