TIDMCOBR
RNS Number : 7377D
Cobra Resources PLC
21 October 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION .
This announcement is an advertisement for the purposes of the
Prospectus Regulation Rules of the FCA and is not a prospectus nor
an offer of securities for sale in any jurisdiction.
Neither this announcement, nor anything contained herein , shall
form the basis of, or be relied upon in connection with, any offer
or commitment whatsoever in any jurisdiction. Investors should not
subscribe for or purchase any securities referred to in this
announcement except solely on the basis of the information
contained in the prospectus referred to in this announcement
(together with any supplementary prospectus, if relevant, the
"Prospectus"), including the risk factors set out therein,
published by Cobra Resources plc (the "Company" or "Cobra").
Words and expressions defined in the Prospectus shall, unless
the context provides otherwise, have the same meanings in this
announcement.
An electronic copy of the Prospectus dated 21 October 2022 will
shortly be available for inspection on the Company's website at
https://cobraplc.com/ and will be submitted to the National Storage
Mechanism maintained by the FCA and will be available for
inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
21 October 2022
Cobra Resources plc
("Cobra" or the "Company")
Admission of New Ordinary Shares
Publication of Prospectus
Total Voting Rights
Cobra, a gold, rare earth and IOCG exploration company focused
on the Wudinna Project in South Australia, is pleased to announce
the publication of its Prospectus in relation to the admission of
89,839,040 new Ordinary Shares comprising: 86,666,668 Placing
Shares to be issued to certain investors pursuant to a Placing at a
price of GBP0.0150 per Placing Share; 600,000 Fee Shares to be
issued and allotted to certain service providers in lieu of fees
and 2,527,372 Further Consideration Shares to be issued to former
unitholders under the terms of the Lady Alice Acquisition Agreement
to listing on the standard segment of the Official List of the FCA
and to trading on the Main Market of the London Stock Exchange.
The Company has made applications to the FCA and the London
Stock Exchange in connection with Admission, which is expected to
occur at 8.00 a.m. on 26 October 2022.
The Company hereby notifies the market, in accordance with the
FCA's Disclosure Guidance and Transparency Rule 5.6.1, that on
Admission, the Company's issued share capital will consist of
512,949,550 Ordinary Shares, each with one vote. The Company does
not hold any Ordinary Shares in treasury. On Admission, the total
number of voting rights in the Company will be 512,949,550 and 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 to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Rupert Verco, CEO of Cobra, commented:
"Cobra is on the cusp of defining a maiden resource of critical
rare earth metals and expanding its gold resource. We appreciate
the support of investors in backing the work programme necessary to
take these important next steps. This is an exciting time for Cobra
and its shareholders."
For further information please contact:
Cobra Resources plc via Vigo Consulting
Rupert Verco (Australia) +44 (0)20 7390 0234
Dan Maling (UK)
SI Capital Limited (Joint Broker)
Nick Emerson
Sam Lomanto +44 (0)1483 413 500
Shard Capital Limited (Joint Broker)
Erik Woolgar
Damon Heath +44 (0)20 7186 9952
Peterhouse Capital Limited (Joint
Broker)
Duncan Vasey
Lucy Williams +44 (0)20 7469 0932
Vigo Consulting (Financial Public
Relations)
Ben Simons
Charlie Neish
Kendall Hill +44 (0)20 7390 0234
Orrick, Herrington & Sutcliffe (UK) LLP is acting as legal
adviser to Cobra.
About Cobra:
Cobra is defining a unique multi-mineral resource at the Wudinna
Project in South Australia's Gawler Craton, a tier one mining and
exploration jurisdiction which hosts several world-class mines.
Cobra's Wudinna tenements, totalling 3,261 km(2) , contain
extensive orogenic gold mineralisation and are characterised by
potentially open-pitable, high-grade gold intersections, with ready
access to infrastructure. Cobra has 22 orogenic gold targets
outside of a current 211,000 Oz JORC Mineral Resource Estimate. In
2021, Cobra discovered rare earth mineralisation proximal to and
above gold mineralisation. The grades, style of mineralogy and
intersect widths are highly desirable while the mineralisation has
been demonstrated to be regionally scalable. The Company is also
advancing a pipeline of IOCG targets.
Follow us on social media:
LinkedIn: https://www.linkedin.com/company/cobraresourcesplc
Twitter: https://twitter.com/Cobra_Resources
Subscribe to our news alert service: https://cobraplc.com/news/
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END
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