REG - Cobra Resources PLC - Result of General Meeting

Cobra ResourcesAnnouncement

04/03/2025 09:30

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RNS Number : 2751Z  Cobra Resources PLC  04 March 2025

 

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.

 

4 March 2025

 

Cobra Resources plc

("Cobra" or the "Company")

 

Result of General Meeting

 

Cobra (https://cobraplc.com/) (LSE: COBR)
(https://www.londonstockexchange.com/stock/COBR/cobra-resources-plc/company-page)
, the mineral exploration and development company advancing a potentially
world-class ionic Rare Earth Elements discovery at its Boland Project in South
Australia, announces that at the General Meeting ("GM") of the Company held
earlier today, all resolutions were duly passed by the requisite majorities.

 

The passing of the resolutions will, inter alia, enable Cobra to proceed with
the allotment and issue of the Tranche 2 Conditional Placing Shares and the
Tranche 2 Placing Shares subject only to the publication of a secondary
prospectus (as explained in the GM Notice). A draft prospectus is currently
with the FCA for review.

 

A further announcement will be made upon publication of the prospectus and
application for admission to trading of the Tranche 2 Conditional Placing
Shares and the Tranche 2 Placing Shares.

 

A summary of the resolutions passed and the results of voting are available on
the Company's website at: https://investors.cobraplc.com/documents
(https://investors.cobraplc.com/documents)

 

Terms used but not defined in this announcement shall have the meaning given
to them in the GM Notice.

 

Enquiries:

 

 Cobra Resources plc                            via Vigo Consulting

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

 Dan Maling (UK)

 Cairn Financial Advisers LLP

 Emily Staples                                  +44 (0)20 7213 0897

 Ludovico Lazzaretti                            +44 (0)20 7213 0884

 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 enabling bottom quartile recovery costs
without any need for excavation or ground disturbance. Cobra is focused on
de-risking the investment value of the discovery by proving ISR as the
preferred mining method and testing the scale of the mineralisation footprint
through drilling.

 

Cobra's Wudinna tenements also contain extensive orogenic gold mineralisation,
including a 279,000 Oz gold JORC Mineral Resource Estimate, characterised by
low levels of over-burden, amenable to open pit mining.

 

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

 

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say. Navigate to our Interactive Investor hub here:
https://investors.cobraplc.com/ (https://investors.cobraplc.com/)

 

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

 

 

 

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