REG - Cobra Resources PLC - Director Shareholding

Cobra ResourcesAnnouncement

10/05/2024 09:15

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RNS Number : 9681N  Cobra Resources PLC  10 May 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.

 

10 May 2024

Cobra Resources plc

("Cobra" or the "Company")

 

Director Shareholding

 

Cobra (https://cobraplc.com/) (LSE: COBR)
(https://www.londonstockexchange.com/stock/COBR/cobra-resources-plc/company-page)
, an exploration company focused on the Wudinna Project in South Australia,
announces it received notification on 8 May 2024 that on 7 May 2024, David
Clarke, Director, Business Development and Asset Marketing of the Company,
bought 2,224,800 ordinary shares of nominal value 1 pence each in the capital
of the Company ("Ordinary Shares") at 1.08 pence per Ordinary Shares for a
total consideration of £25,000.

 

Following this transaction, Mr Clarke is now interested in 68,060,966 Ordinary
Shares, which represents 9.37% of the Company's existing issued Ordinary Share
capital. The notification shown below, made pursuant to Article 19(3) of the
Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI 2019/310), provides
further details.

 

Enquiries:

 

 Cobra Resources plc                           via Vigo Consulting

 Rupert Verco (Australia)                      +44 (0)20 7390 0234

 Dan Maling (UK)

 SI Capital Limited (Joint Broker)             +44 (0)1483 413 500

 Nick Emerson

 Sam Lomanto

 Global Investment Strategy (Joint Broker)     +44 (0)20 7048 9437

 James Sheehan                                 james.sheehan@gisukltd.com

 Vigo Consulting (Financial Public Relations)  +44 (0)20 7390 0234

 Ben Simons                                    cobra@vigoconsulting.com

 Kendall Hill

 

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 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 1,832km(2), and other nearby tenement rights totalling 2,941km(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 greater Wudinna tenements are also prospective for
uranium. Additionally, Cobra holds a 213km(2) exploration tenement in northern
Tasmania which is also considered highly prospective for ionic rare earth
mineralisation.

 

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.

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/cobraresourcesplc
(https://www.linkedin.com/company/cobraresourcesplc)

X (Twitter): https://twitter.com/Cobra_Resources
(https://twitter.com/Cobra_Resources)

 

Subscribe to our news alert service: https://cobraplc.com/news/
(https://cobraplc.com/news/)

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                           David Clarke
 2    Reason for the notification
 a)   Position/status                                                PDMR, David Clarke, Director, Business Development and Asset Marketing of the
                                                                     Company
 b)   Initial notification /Amendment                                Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                           Cobra Resources plc
 b)   LEI                                                            213800XTW5PLLK72TQ57
 4    Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument    Ordinary shares of 1 pence each

      Identification code                                            ISIN GB00BGJW5255

 b)   Nature of the transaction                                      Purchase of shares
 c)   Price(s) and volume(s)                                         Price(s) Volumes

                                                                     1.08 pence 2,224,800
 d)   Aggregated information                                         N/A (Single transactions)

 e)   Date of the transaction                                        7 May 2024
 f)   Place of the transaction                                       XLON

 

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