REG - Cobra Resources PLC - Publication of a Prospectus

Cobra ResourcesAnnouncement

16/01/2024 15:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240116:nRSP8911Za&default-theme=true

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 (https://cobraplc.com/) , 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
(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 dealings in the New Ordinary       8.00 a.m. on 19 January 2024
 Shares
 CREST members' accounts credited in respect of the New Ordinary Shares (where  As soon as reasonably practicable on 19 January 2024
 applicable)
 Share certificates despatched in respect of the New Ordinary Shares (where     within 10 Business Days of Admission
 applicable)

 

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 (mailto:James.sheehan@gisukltd.com)

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

 Ben Simons

 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 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.

 

Follow us on social media:

 

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

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/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PDIBUGDBCXBDGSL