Cobra Resources PLC Exercise of Warrants (7385P)
19 February 2021 - 9:48PM
UK Regulatory
TIDMCOBR
RNS Number : 7385P
Cobra Resources PLC
19 February 2021
19 February 2021
Cobra Resources plc
("Cobra" or the "Company")
Exercise of Warrants
Cobra, the mining exploration company focused on the Wudinna
Gold Project in South Australia, announces that it has received a
notice of exercise of 1,666,667 warrants to acquire 1,666,667 new
ordinary shares at a price of 2p per share (the "New Shares").
Applications have been made to the Financial Conduct Authority
("FCA") and London Stock Exchange plc (the "London Stock Exchange")
for admission of 1,666,667 New Shares of nominal value 1p each to
listing on the standard segment of the Official List and to trading
on the main market for listed securities of the London Stock
Exchange in respect of the exercise of the 1,666,667 warrants.
When issued, the New Shares will be credited as fully paid and
will rank pari passu in all respects with the existing issued
ordinary shares of nominal value 1p each in the share capital of
the Company, including the right to receive all dividends and other
distributions declared, made or paid on or in respect of such
shares after the date of issue of the New Shares.
Admission of the 1,666,667 New Shares is expected to take place
at 8.00 am on 22 February 2021.
Total Voting Rights
In conformity with DTR 5.6.1, the Company notifies that, as at
the date of this announcement, it has a single class of shares in
issue being ordinary shares and that, following the issue of the
1,666,667 New Shares described above, the total number of ordinary
shares in issue will be 327,413,447 . There are no ordinary shares
held in treasury. Each ordinary share entitles the holder to a
single vote at general meetings of the Company.
The figure of 327,413,447 ordinary shares may be used by
shareholders (and others with notification obligations) as the
denominator for the calculations by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
End
Enquiries:
Cobra Resources plc
Craig Moulton (Australia)
Dan Maling (UK) +44 (0)20 7390 0234
SI Capital Limited (Joint Broker)
Nick Emerson
Sam Lomanto +44 (0)1483 413 500
Peterhouse Capital Limited (Joint Broker)
Duncan Vasey
Lucy Williams +44 (0)20 7469 0932
Vigo Communications (Financial Public Relations)
Ben Simons
Simon Woods +44 (0)20 7390 0234
About Cobra
Cobra's Wudinna Gold Project is located in the Gawler Craton
which is home to some of the largest IOCG discoveries in Australia
including Olympic Dam, as well as Prominent Hill and Carrapateena.
Cobra's Wudinna tenements contain extensive orogenic gold
mineralisation and are characterised by potentially open-pitable,
high-grade gold intersections, with ready access to nearby
infrastructure. In total Cobra has over 22 orogenic gold prospects,
with grades of between 16g/t up to 37.4g/t outside of the current
211,000 ounce JORC resource, as well as 1 copper-gold prospect, and
4 IOCG targets.
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 or visit 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.
END
IOEEAEANFLXFEFA
(END) Dow Jones Newswires
February 19, 2021 05:48 ET (10:48 GMT)
Cobra Resources (LSE:COBR)
Historical Stock Chart
From Apr 2024 to May 2024
Cobra Resources (LSE:COBR)
Historical Stock Chart
From May 2023 to May 2024