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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cobra Resources Plc | LSE:COBR | London | Ordinary Share | GB00BGJW5255 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.075 | 1.00 | 1.15 | 1.075 | 1.075 | 1.075 | 644,143 | 07:46:31 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 0 | -509k | -0.0009 | -11.89 | 6.34M |
TIDMCOBR
RNS Number : 8911Z
Cobra Resources PLC
16 January 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
16 January 2024
Cobra Resources plc
("Cobra" or the "Company")
Publication of Prospectus
Cobra , an exploration company focused on the Wudinna Gold and Rare Earth Project ("Wudinna") in South Australia, announces that it has today published a prospectus (the "Prospectus") in connection with the issuance of 74,010,000 ordinary shares of 1 pence each in the capital of the Company ("New Ordinary Shares"). As announced on 14 November 2023, the New Ordinary Shares comprise 52,010,000 ordinary shares issued as consideration to acquire the remaining 25% of Wudinna pursuant to the Wudinna Subdivision and Sale Agreement, and 22,000,000 ordinary shares issued pursuant to a placing announced on 15 November 2023.
A copy of the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Expected Timetable of Events
Applications have been made to the Financial Conduct Authority and it is expected that the admission of the New Ordinary Shares to the Official List by way of a Standard Listing will become effective on or before 8.00 a.m. on 19 January 2024 ("Admission"). The expected timetable of principal events for the Admission is set out below. All references to time in this announcement are to London time. Any changes to the expected timetable will be notified by the Company through an RIS.
Publication of this Prospectus 16 January 2024 Admission and commencement of unconditional 8.00 a.m. on 19 January dealings in the New Ordinary Shares 2024 --------------------------- CREST members' accounts credited in respect As soon as reasonably of the New Ordinary Shares (where applicable) practicable on 19 January 2024 --------------------------- Share certificates despatched in respect within 10 Business of the New Ordinary Shares (where applicable) Days of Admission ---------------------------
Enquiries:
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 Global Investment Strategy (Joint Broker) James Sheehan James.sheehan@gisukltd.com +44 (0)20 7048 9437 Vigo Consulting (Financial Public Relations) Ben Simons Kendall Hill +44 (0)20 7390 0234
The person who arranged for the release of this announcement was Rupert Verco, Managing Director of the Company.
About Cobra
Cobra is defining a unique multi-mineral resource at the Wudinna Gold and Rare Earth 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 1,832 km(2) , and other nearby tenement rights totalling 1,429 km(2) , contain highly desirable and ionic rare earth mineralisation, amenable to low-cost, low impact in situ recovery mining, and critical to global decarbonisation.
Cobra's Wudinna tenements also 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 the current 279,000 Oz gold JORC Mineral Resource Estimate, and several iron oxide copper gold (IOCG) targets.
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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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January 16, 2024 10:41 ET (15:41 GMT)
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