REG - Cobra Resources PLC - Director Shareholding

Cobra ResourcesAnnouncement

12/07/2024 10:45

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RNS Number : 2409W  Cobra Resources PLC  12 July 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.

 

12 July 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 advancing a strategy to lower the cost of critical
rare earth production at the Boland Project in South Australia, announces it
received notification on 12 July 2024 that on 11 July 2024, David Clarke,
Director, Business Development and Asset Marketing of the Company, bought
1,406,387 ordinary shares of nominal value 1 pence each in the capital of the
Company ("Ordinary Shares").

 

Following this transaction, Mr Clarke is now interested in 69,467,353 Ordinary
Shares, which represents 9.56% of the Company's 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

 

In 2023, Cobra discovered a rare earth deposit with the potential to re-define
the cost of rare earth production. The highly scalable Boland ionic rare earth
discovery at Cobra's Wudinna Project in South Australia's Gawler Craton is
Australia's only rare earth project amenable for in situ recovery (ISR) mining
- a low cost, low disturbance method. Cobra is focused on de-risking the
investment value of the discovery by proving ISR as the preferred mining
method which would eliminate challenges associated with processing clays and
provide Cobra with the opportunity to define a low-cost pathway to production.

 

Cobra's Wudinna tenements also contain extensive orogenic gold mineralisation,
including a 279,000 Oz gold JORC Mineral Resource Estimate, characterised by
potentially open-pitable, high-grade gold intersections.

 

Regional map showing Cobra's tenements in the heart of the Gawler Craton

 

 

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://investors.cobraplc.com/auth/signup
(https://investors.cobraplc.com/auth/signup)

 

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                                                Board Director

                                                                     Director, Business Development and Asset Marketing
 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)      Volume(s)

                                                              0.9716 pence  1,406,387

 d)   Aggregated information                                         N/A (Single transactions)

 e)   Date of the transaction                                        11 July 2024
 f)   Place of the transaction                                       XLON

d)

 

Aggregated information

 

N/A (Single transactions)

 

 

e)

Date of the transaction

11 July 2024

f)

Place of the transaction

XLON

 

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